[smallmancontrov]

The citizens with real estate were the speculators. They gambled on being able to squeeze even more out of the next guy and they lost. In the US, we would just have taxed the kids (again) to bail out the homeowners (again). I have a hard time calling that more responsible.

[dirck-norman]

Again, the govt was responsible for pushing this framework in the chase for gdp growth.

They’ve paid for it now. They’re deep in a recession with signs it may be a 1990’s style Japanification.