Thursday, March 17, 2011

The Return of Debtors Prison

For those wondering how things have gone wrong in this country, this article in the Wall Street Journal should be some food for thought.

What happens to the financial industry when they lose countless billions of dollars and we are worried that they cannot pay their debts? They get bailed out. What happens to ordinary people who do not pay their debts to the financial industry? Well, they just might end up in jail.

We live in interesting times.

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