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Worse, that income was turned into un-payable debt. Until that is resolved, nothing will recover.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 24th, 2011 at 09:43:35 AM EST
[ Parent ]
Quite, that debt has to be restructured in the old fashioned way, through bankruptcy, to remove the private debt service burden which is bogging down the economy.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sun Feb 27th, 2011 at 12:52:07 PM EST
[ Parent ]

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