I'm just curious if the builders would be put in the same category or do they have their own special category like 'Bankrupt' :)

Lenders are also happy to lend without credit checks as long as they can securitize and sell the loans, book the profits, and take home a big bonus even though they know their companies will be bankrupt once the market corrects.Not to get too political about it, but I think the age of amorality is partly the result of urbanization and the mobility of labor.

When I keep in mind that we chose to have these problems and solving them can make a better future for us and our children after us, it calms me down and helps me think more clearly, not just react to the fear of the moment.In my opinion, that's much better than having problems forced on you like no retirement if social security is bankrupt when we qualify for it or someone has raided the pension fund we relied on and now we have nothing but the minimal government guarantee instead of what we were promised.

There is not enuff insurace premiums paid to do that with out bankrupting the insurance company.

Were you worried about the fact that under the previous administration watch this country almost went bankrupt?

One eventually went bankrupt.

I'm told that is unlikely since the original bank lender is long ago bankrupt.

In short, he went bankrupt.

Starting any business is high risk and you need to be prepared.Landlords depending on tenants are at the mercy of their tenants and usually make major mistakes that can bankrupt them.

If the asset fails to produce, the debt is still the bad part that will bankrupt you (i.e. see student loans again).