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That's not true at all. A loan has a priced in risk of default. The National Mortgage Lenders Association defaulted on their mortgage. Many business and corpor
by goialoq 9y ago
That's not true at all. A loan has a priced in risk of default.
The National Mortgage Lenders Association defaulted on their mortgage. Many business and corporations, large and small, go bankrupt and discharge debts.
Only individual consumers get trapped in non-dischargable debt.