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But both came to grief because they borrowed too much and paid too much.
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But if they borrowed too much others lent too much.
They borrowed too heavily in general, and too much from each other in particular.
Like their Wall Street counterparts they borrowed too much and got caught when the music stopped.
They borrowed too much, bought too much, wanted too much and they continue to consume too much.
People around the world, and the United States too, they borrowed too much.
THE International Monetary Fund (IMF) often tells governments that they borrow too much.
Banks get in trouble when they borrow too much money.
On the other hand, they do not encourage borrowers to take new loans, because they have borrowed too much already.Printing money in huge quantities might work, as it should push the yen dramatically lower.
The boom of recent years left many Americans financially vulnerable because they had borrowed too much against their homes, thinking prices would not go down.
He is peddling a solution that involves more spending and more borrowing at a time when voters, even those who barely follow the news, can see that neighbouring countries in Europe are going through agonies because they spent and borrowed too much.3.3
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com