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Old 12-19-2007, 10:57 PM
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Default Then what?

Quote:
Originally Posted by Blade";p=&quot View Post
If you google that phrase, you'll find all kinds of chowder heads saying this proves "capitalism doesn't work". Actually, it proves how well it works. What we're seeing now (except for the ill-conceived government bailout) is capitalism efficiently removing from the market lenders who make very risky loans, and borrowers who take out loans they can't pay. Problem? No problem.
What happens to them after they've been "removed," as you put it?
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