reblog

I've been enjoying my old friend from NY's sporadic postings about the economic crisis

From Uberdionysus

I'm hearing a lot of talk about the “personal responsibility” of the individual home owners, and about their responsibility in this financial crisis. It's a bullshit talking point and I think it's mainly a way to deflect responsibility from the real culprits of this crisis. Let's break down the truth behind personal responsibility and the current housing mess:

First: the majority of the people who are in trouble did everything right. They're still fucked. Let's call them The Fucked Majority. continue reading