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View Diary: They Are the 1% - A Really Scary Follow Up (95 comments)

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  •  Thank you. (5+ / 0-)

    This needs to be repeatedly pointed out.  The bank had collateral for their loan -- the house.  That's what they get if the borrower can't repay.  In non-recourse states, that's the entire "morality" of the situation.  Non-of these same whiners complain when people like Donald Trump declare bankruptcy for essentially the same reason -- to walk away from a load of debt that can't be serviced.  But somehow it's OK when businesses or businessmen do it.  What a load of crap.

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