Have Gamblers Caused the Financial Downfall?

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As we all know we are in the midst of a huge credit crisis and the main reason this has been caused is because of the banks. Over the last decade banks have been giving ridiculous amounts of money away to people that cannot afford to pay it back. This has all led to the banks crashing and businesses that relied on them failing as well.

I have always had a motto that if you cannot afford something then you should not buy it, why are people getting out huge mortgages that they cannot afford the repayment for? I mean borrowing over 100k is a huge amount of money. So this is ultimatley why banks need to sit down and think about who they give their cash too.

I have noted down a few situations where the banks should not be giving money too.
1) People that are on low income, what the banks are forgetting, is that people do not just have their mortgage to pay. They have travel costs, food costs, bills and much more that have to be taken into account. So someone that is earning 30k in my view should not be borrowing huge amounts for a home.
2) What amount of times have they been in their jobs? There are some people in this world that cannot be bothered to work and end up getting the sack. These people then make up their minds to look for a job after a year and as soon as they find one they think they are rich and rush out to get a mortgage and other financial commitments. And to be honest no one tells them different, the bank just hands it over and the tax payer’s end up suffering in the long run.
3) One of the more imprtant aspects that the bank should look at is the obsessive habits people have. How many times have gambling addicts got given a mortgage and car and then blow there monthly repayments on playing online poker or roulette. Addicts just will not stop so lending them money would be a huge no no.

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