bernie52

Second Mortgages: Why Absolve Consumers for Stupidity?

We all get stupid when a FREE bucket of wealth is offered us. Stupid CEOs seeing bonuses. Stupid Financial Analysts seeking friendly business. Stupid Investment Bankers creating wealth stories. Stupid consumers coveting the asset, ingnoring the debt. And on and on.
As to why we have such a weak foundation to battle the glittery perception of FREE goes to the worship of materialism that dominates our current western philosophy. I am reminded of Warren Buffet who in amassing great wealth has always shunned the worship of materialism. Mr. Buffet uses his talents and intellect to win the financial game on honest terms that do not distort the place of his accomplishments in the story of humankind on this lonely planet.