Unsustainable Debt Fueling Fake Prosperity That Leads to Filing Bankruptcy

Over the last 10 years we have seen a huge rise in consumer debt in the United States. After September 11 the US appeared to be heading back into a recession and the president said that for our nation to heal in this terrible time we need to spend money. Surely after that the government put pressure on the banks to lend recklessly on stated income.

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