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

To: TobagoJack who wrote (76037)	7/5/2011 10:25:46 AM
From: Maurice Winn	2 Recommendations Respond to of 219120

Do you mean like this? jewishworldreview.com The Wile E Coyote effect. Yes, there is a piper to be paid, but stiffing the creditors is injurious to their health too, not just the creditors. Bankruptcy is a well-trodden path, with great respectability in the USA, with debt-defying lawyers on God's work to protect said debtors legally with all possible remedies. You can read how well Iceland is doing having stiffed the creditors. Others will find that the optimum way forward too. When the debts are big enough, the cost of default is better than the price of payment. Saddam's debts were defaulted. Russia whined. Too bad. Debts incurred on behalf of countries, dictators, or electorates are not enforceable debts. Mqurice