Why do Americans abuse credit cards and home loans? Why do most people in this country live out of their means?

by eyewash
Question by annoymous0381: Why do Americans abuse credit cards and home loans? Why do most people in this country live out of their means?
While I don't owe any debt and pay off my credit card bill in full why are banks so stupid to give credit cards and home loans to just about anybody?

Part of the reason so many banks have gone under is because they were stupid to loan money to people who didn't desrve the loans.

If someone wants to buy a flat pannel TV for $ 2,000 why can't

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