The anonymous writer of the "All too egar" posting is amazingly able to ignore the fact that he/she committed blatant fraud and lied on the application for credit (a legal, binding contract) but focuses on the issuer's irresponsibility for not assuming that the applicant was lying. Where is the personal responsibility in society today? Do we want to live in a society where everyone is assumed to be lying before being proved innocent? I'd love to see this person's tax return and resume.

Spend less than you make. If you don't, you're responsible for your actions. It's as simple as that.