There haven't been enough defaults in North Dakota for that to be a serious issue. Some places are able to have lots of state involvement without getting into l

There haven't been enough defaults in North Dakota for that to be a serious issue. Some places are able to have lots of state involvement without getting into lots of trouble, e.g. the Scandinavian socialist states, Singapore, etc. Most of the defaults were concentrated in the 'sand states' -- California, Florida, Arizona, and Nevada.