Originally Posted by
mouse
I am a little concerned about 'debt consolidation'. Since the borrower obviously cannot pay, so they take their debt elsewhere. In the old days of course it was jolly good to have debt. You faced all sorts of problems getting into debt. I tried to persuade the old Canterbury Savings Bank to give me more cash and they told me I had to repay money. This was bad news, and I told them I was borrowing money due to not having any to speak of. Today, faced with that situation you can go elsewhere and get a 100 inch Colour TV for bringing your debt over. And can we lend you another $50,000 Sir? Funny times, Funny Money. Is it a bubble, or the printing press?