The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Perspective who wrote (91042)	10/1/2007 9:34:21 PM
From: Elroy Jetson	Read Replies (1) of 306849

I'm confused by your reply. You're angry that inflation bails out, at your expense, lenders and borrowers who acted irresponsibly. Yet you like the fact that monetary debasement bails them out so they won't remember their mistakes for very long. So which is it? The traditional capitalist method for bailing out a borrower who gets into trouble is bankruptcy. Both the lender and borrower get to learn a very valuable lesson they can either "never forget" or "forget quickly" at their option. Its not kind to protect people from themselves. When you do so they fail to learn from their mistakes. .

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