If the sheer volume is what triggers it, all that tells the lenders is that if they're going to screw up, they'd better screw up REALLY BIG.
I think that kind of thinking has already been ingrained- just look at Long Term Capital Management. It goes back to what I said before about the idea "If you owe a bank $50,000 and can't pay it back, you have a serious problem. If you owe a bank $50 million and can't pay it back, the bank has a serious problem."
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timeasmymeasure
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Date: 2008-04-15 03:31 am (UTC)I think that kind of thinking has already been ingrained- just look at Long Term Capital Management. It goes back to what I said before about the idea "If you owe a bank $50,000 and can't pay it back, you have a serious problem. If you owe a bank $50 million and can't pay it back, the bank has a serious problem."