I am a little concerned about the economic situation, but I believe the news media has made the situation worse.
I remember when I was very small that my mother worked for a bank and her boss told all the employees that they must be careful with credit cards when they were being introduced to America. He believed that credit cards would be the ruination of many people. I can remember my mother reminding me when I got older not to charge more than I could pay off in 2 months. I wish everyone could have heard my mother' advice. I must admit that I did charge more than I could pay off in a month or two, but mostly I paid them off in six months.
I don't believe that banks are totally responsible for all of this mess. People need to realize how much they can borrow. People need to be held responsible for themselves and not blame others for their own mistakes.
Cockie