Home › Forums › Financial Markets/Economics › We screwed up. So, what should we have done?
- This topic has 125 replies, 15 voices, and was last updated 15 years, 5 months ago by patb.
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November 30, 2008 at 12:08 PM #310495November 30, 2008 at 2:30 PM #310064patbParticipant
[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
actually the problem came when they limited bankruptcy.
Bankruptcy allowed people to wash the slate clean.
November 30, 2008 at 2:30 PM #310428patbParticipant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
actually the problem came when they limited bankruptcy.
Bankruptcy allowed people to wash the slate clean.
November 30, 2008 at 2:30 PM #310453patbParticipant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
actually the problem came when they limited bankruptcy.
Bankruptcy allowed people to wash the slate clean.
November 30, 2008 at 2:30 PM #310471patbParticipant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
actually the problem came when they limited bankruptcy.
Bankruptcy allowed people to wash the slate clean.
November 30, 2008 at 2:30 PM #310535patbParticipant[quote=kewp]The really easy, simple, trivial fix for this is we need to put some stiff caps on national, corporate and personal debt and then *enforce* them.
On top of that; no more damn foreclosures and personal bankruptcies. Defaulting on debt should be illegal. [/quote]
actually the problem came when they limited bankruptcy.
Bankruptcy allowed people to wash the slate clean.
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