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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (61689)	3/4/2010 12:35:30 PM
From: Cogito Ergo Sum	Respond to of 218162

"Those in insolvency have to sell everything they have to pay their creditors," A bad idea IMO... just a bandaid.. folks need to learn not to be so greedy and profligate.. That is proposed in Ontario to balance budget... to me it's criminal.. Like losers selling last vestiges of their life at the pawn shop... JM2Cents

To: elmatador who wrote (61689)	3/5/2010 1:49:45 PM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 218162

Or, they could do the more traditional thing and simply default. <Those in insolvency have to sell everything they have to pay their creditors," Schlarmann told Bild newspaper. "Greece owns buildings, companies and uninhabited islands, which could all be used for debt redemption." > When individuals default, the bailiffs arrive. When countries default, there's no consequence. They have some internal dislocation, but that's remedied faster than living forever in debt with perpetual drain on resources. If Greece ditched their debts, got back to work and lived within their means, without striking, I would be on holiday there this northern summer, providing employment for 5 people. Heck, I might go and live in such a nice place permanently, employing 20. Now, having recivilized you, I'm out of here. Bye. Mqurice