C
Covenant
Guest
I don't know much about business or economics, but from what I hear, the banks are failing and need money because they have alot of bad debts on houses and stuff. Instead of being so greedy, why don't the banks just kinda say "Ok, no one owes anything anymore." Do that unilaterally and sure they may lose some money, but at least they keep what they have right? What I'm saying is if debt is causing all the problems, why not forgive all the debts everyone owes, reset everyone's credit ratings to be the same and then go from there? Sure it'd be a little nuts, but it's all really just paperwork. Most money doesn't actually exist in paper form anyways.