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View Diary: More Gloom for Bain Capital's Clear Channel--Credit Default a "Real Possibility" (22 comments)

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  •  For some reason, financiers seem to have (8+ / 0-)

    decided that it is good to lend someone who already owes a lot of money more.
    I think it has to do with the word credit, which, of course, means to believe. So, if many people extend credit to or believe someone, it makes sense to others to do the same.
    It's like piling on or heaping praise, a crowd response or a swarm. Money, being an immaterial, worthless substance is easy to pile on.  Indeed, it requries no effort at all. Swarming is very primitive behavior. Doing it with money is imaginative, a virtual swarm. The entity sending out the signal has almost nothing to do with it. Think of maggots on a carcas.

    We organize governments to deliver services and prevent abuse.

    by hannah on Tue Feb 26, 2013 at 02:26:59 AM PST

    [ Parent ]

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