Now it's time for my opinion. I think that this whole situation could have been avoided if people didn't take out loans unless they really needed them. Why would you buy stuff that you don't have money to pay for? And also, the government shouldn't have LET people take out so many loans! It's honestly ludicrous how this could have happened. All this could lead to another Great Depression! That's my biggest fear. I've read things about the Great Depression, and my mom talked to me about it, and that was an absolutely horrid time in American history, and no one really wants to repeat that. I'm really nervous as to how this problem is going to turn out.
And that's my opinion/thoughts! Next time I'll try reading more to be more enlightened on the subject. This time I didn't really read that much. So, yes.