The Big Think

December 12, 2011

Wake Up And Smell The Espresso

Filed under: Education — jasony @ 6:12 pm

Wake Up And Smell The Espresso (Education) in [Market-Ticker]: “This is why bankruptcy was written into the Constitution and why it’s so important. The threat of the borrower declaring bankruptcy and avoiding the debt taken on is the only market check and balance that works to restrain predatory and abusive behavior by lenders. With it no lender intentionally makes a foolish loan because while the borrower has their credit rating ruined the lender loses their actual investment.”

(Via .)

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