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Originally Posted by 2by2 Where were the parents when the kid took out those kind of loans |
The guy was 35, he doesn't need his parents to rubber stamp his loan application.
I agree there needs to be personal responsibility. No lender put a gun to his head and said take out this amount of money...he was probably spending the loan money to subsidize an increased living standard. The debt was probably hiding bigger issues.
Sad story...but lets not turn this into a liberal cause where the government should be giving bailouts, like the Dems are proposing with home mortgages. People in the U.S. are living beyond their means, and society needs to wakeup.
OK...I'll step down from my soapbox now.