The recent changes in the financial sector have been a bit of a mixed bag. On the one hand, I think it's great that more people are able to get access to credit now that the banks are lending again—especially small businesses and entrepreneurs who were hit hard during the recession. But on the other hand, there's definitely something to be said about the fact that many of these loans are going towards things like luxury items or frivolous expenses—like vacations, jewelry, cars—and not business development or growth.
I think this is especially problematic because it means that while we're all getting back to spending money again, there aren't really any new jobs being created or any new economic activity taking place. That's not good for anyone.