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And if the lender has an underwater balance sheet, the money that is repaid will go to pay for spending that is long in the past -- unless there is a default.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 21st, 2011 at 02:52:35 PM EST
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