Quote:
Originally Posted by JackDidley
I do not see how these guys sleep at night. Call it what you want, robbery is what it is.
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Back in the 1980s oil bust a lot of the people in the business were leveraged to the limit, and they just folded up and declared bankruptcy. All those bad loans is what brought down Penn Square bank and started a big banking crisis.
https://en.wikipedia.org/wiki/Penn_Square_Bank
One of my friends refused to declare bankruptcy. He sold his fancy house and his entire lifetime of assets were sold and he paid off every debt. Many of his friends told him to just walk away. He said no way. It took him many long years to get back what he lost, but no one he owed was not repaid.