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Reply #3: sinking like a rock...how about this [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
xiamiam Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-02-09 01:23 PM
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3. sinking like a rock...how about this
http://www3.signonsandiego.com/stories/2009/may/02/1b2lend215431-accredited-puts-bankruptcy-papers/?business&zIndex=92511

major subprime lender files for bankruptcy..

or this..and this is very thought provoking...
Does God Want you to be Bankrupt

http://www.nytimes.com/2009/05/02/your-money/mortgages/02money.html?em
snip
The Koran, meanwhile, offers one of the more useful ideas on debt. “If the debtor is in a difficulty, grant him time till it is easy for him to repay,” the passage in the second chapter, verse 280, reads. “But if ye remit by way of charity, that is best for you if ye only knew.”

Charity is not required here, according to Mr. El-Gamal. But during that granting of time, he added, the creditor is not allowed to charge interest.

snip
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