If I choose to stick a pencil in my eye, is it the Governments responsability to make sure they enact laws to prevent me from doing so?
Same exact thing with the Mortgage crisis.
I had a choice to get an ARM at a much lower rate, but knew what the potential downfalls were and choose the higher fixed rate.
I see more than 1/2 the craps players in Vegas that have no idea what they are doing and have no idea about taking odds. I have no idea why people play a game where they have no idea what the rules are. Maybe our Government should step in to enact legislation to make sure people cant play unless they sign a waiver.
Only difference is that those who apply for these credit cards DO sign a document saying that they are aware of the rules.
All about personal responsability and not looking towards the Government to bail people out, no matter what party is in office.
I believe in less Government, not more. Aparently that is a HUGE difference between the 2 parties.
Just my 2 cents.
Doug
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