Contraman, I would never get – Piggington's Econo-Almanac

February 26, 2008 at 4:47 PM #160724

Participant

Contraman,

I would never get in over my head with debt enough to consider bankruptcy. If that makes me sucker, so be it.

If defaults go high enough, lending standards will adapt to the point that the deadbeats can’t borrow at all.