Just imagine if individuals were allowed to play under the same financial rules as the big guys

[Phoebe Loosinhouse]

Imagine if individuals were allowed to purchase bankruptcy insurance on themselves. But don't call it "insurance", 'cos then it would have to be regulated and you would have to have reserves to pay off claims and stuff - call it "personal credit default swaps". If dreary people ask you to explain how it's possible to purchase insurance against failure and how it might make you act irresponsibly if you knew that you had no hazard for your bad behavior, frown and tell them it's very complex.

Say your net worth was 500K but if you go bankrupt you will be paid 3 Million. That would be great, wouldn't it? Think of all the fun you would have going bankrupt and then to be rewarded on top of it would be the cat's meow. Is there something wrong with that as a business model? Hope not, that seems to be our "uniquely American" financial system of rewarding miscreants instead of fining and imprisoning them.

Personal Credit Default Swaps for the Little Guys! It's a sure winner for any candidate. And don't worry about everyone earning money on failure - we'll just PRINT MORE MONEY!! What's not to love?