Couldn't find a thread about this. This can be split into business vs. personal. But with debt/credit being an integral part of the currrent problems, is a tightening of lending criteria (part of) the answer?
I recall trying for home loan #1 20+ yrs ago - must have 20% deposit, etc etc. Until recently, it seemed the criteria was a job (of some sort) and breathing - and you wondered if both or either were optional! LOL.
Whilst "blame" can be laid at those who take up the debt, surely some has to be laid at the lending institutions?
Be interested in the various views. I'd put a poll in but can't work out how to do it.