Financial Crisis Inquiry Commission Places Blame on American Households (ContributorNetwork)

ContributorNetwork - American households got blasted by the Financial Crisis Inquiry Commission because they borrowed too much and saved too little. American households had created an environment of taking on too much risk by over-extending themselves. They did this by placing record debt on themselves and by overstating their income on mortgage applications.

Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ac/20110128/bs_ac/7723602_financial_crisis_inquiry_commission_places_blame_on_american_households

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