META name="y_key" content="f2ab7f45e87c5e0d"> Interactive dialogue: Indefatigable Debts

Friday, February 5, 2010

Indefatigable Debts

Debts are bearing an impersonation of the deceitful treachery that mops up the entire financial crisis.
The nations are rattled by the fear of what is in store for the future.
The procedural flaw exhibited in  the Fannie Freddie  mortgage loans has swapped the inimitable integrity o the banks.
The closure of   banks in quick succession has shaken the trust in the institutions.
The expectancy of revival ,which seemed a near possiblity ,is showing a negative trend.
The living beyond the means has gained a  momentum in the years.
The credit card, the debit cards have brought in a culture that anything is possible under the sun.
The daring  attitude has rendered a community that could eke out a living in debts.
The squaring up of the debts is not simple  as it appears.
The credit concept is an iinfatuation.
The impulse to purchase would be limited when ione is bereft of cash.
This theme was the practice o the past.
With the advent of liberal funds thrown out by the banks in the form of credit and debit cards , have proved to be discriminately destructive not only to the individual but to the financial instituions.
The vicious significance has demoralised the nations too.

Living in debt has become a fashion.
The pride in owning assets without payment has created a neo classical genre.
The deferred  payments or precisely instalments have eased the buyer from securing a wholesome fund.
But the facility has made him irresponsible .
A sluggish repayment  is precipitated ,which in course of time debases into a no repayment.
The debts mount up. The interst multiplies.
The borrower is trapped.
The lender is ambushed.
A series of serious defaults  are let loose.
The economy crumbles.
The nations become debt prone.

Thus debts bring about a defeat ,process a captivation of ownership without full payment, promote a disenchanted proposition of error and aberration.

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