alt Hacker NewsIf I owe the bank $750,000 and can't pay, it's my problem.
If I owe the bank $1,750,000,000 and can't pay, it's the bank's problem.
Replies
killingtime74 • today at 5:13 AM
If the bank is owed $1,650,000,000,000 and isn't paid, then it becomes the tax payers problem apparently
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laughing_man • today at 7:34 AM
I don't know. The guy I bought my house from owed the bank $400k. He didn't make any payments for two years, and then they paid him $20k to go away.
mattoxic • today at 5:38 AM
As Australian failed rich guy /scumbag Alan Bond said... if you owe 30k you have problems, if you owe them 30 million they take you to lunch. Or words to that effect
If you are a collection of 5 companies with annual net income in the hundreds of billions of dollars, the debt is actually still their problem.
Everyone likes to repeat this tired cliche but skips all of the steps that would have to happen to get to that point.