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[quote=Anonymous][quote=Anonymous]11:38 poster here.

Let me clarify, I don't hate Boomers.  My parents are Boomers, and they have had their share of hardship.

That said, my parents are the first to say that a lot has gone wrong on their generation's watch.  For example, the whole McMansion thing was primarily *started* under the Boomers.

I would also say that many Boomers have suffered from the elimination of pensions, but it's also primarily Boomers who did the eliminating (i.e. Boomers started the move toward 401(k)s and eliminating defined-benefit pensions as well as breaking unions).

I know I'm not explaining this well, but my point is that resentment is directed at Boomers because a lot of these big changes happened under their watch.  That's not to say that those changes didn't and don't also hurt Boomers.

And yes, even the housing bubble.  Boomers were in the leadership positions and in charge of the big banks when all of this started in the early 2000s.  That's not to solely responsible.  My point was a lot happened under their watch.  No GenXer or younger was in charge of a lending institution in 2003.  No GenXer or younger was in a position of power to determine housing policy in 2003.  But of course, as real estate agents, loan officers, et cetera, GenXers and younger were still involved.  But they weren't at the top.

In fact, most GenXers and younger were buying when housing prices were already inflated.  They weren't/aren't the ones who came out on top of that pyramid.  That's my point.[/quote]

The problems aren't the fault of the people who took out the shaky loans, it's the bankers who gave them out.

But when I looked up the founder and CEO of Countrywide Financial, the prime example of mortgage excess, it turns out he was born in 1938.  So he was part of the "Greatest Generation".  So Countrywide itself was not "under their watch".  And when I look at the mortgage brokers approving these loans, I saw tons of Gen X'ers making fast money.

I'm a Gen X'er and frankly this "blame mommy and daddy" attitude is appalling.[/quote]

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