Open Thread

sebb…since you brought this up….this was written by a guy who writes a daily investment piece this morning…

There is a reason that debtor’s prisons once existed. Repayment of debts is not just a business issue, an issue to be left to the nerds with calculators to calculate probability of default. There is a moral concept that exists in most societies that you should repay the money you borrow. Recall the 4 C’s of credit: Capacity, Capital, Conditions, and Character. This is why the effort to restructure mortgages is failing miserably in the United States; the homeowners are still not making the new, reduced payments. They never had the Character to pay in the first place.

“Better to go to bed supperless than to wake up in debt”
Ben Franklin 1757

dave, mostly just here, curbed, city-data, friends of hannah montana, you know typical stuff

*rob*

Even I got creeped out by their line “single-gender camping.”

How many blogs are you surfing rob??? I’ve got all I can handle keeping up with the intelligent conversation right here.