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Speedster71 / Speedster
npub13ef…upmr
2024-10-19 14:25:29
in reply to nevent1q…y0m9

Speedster71 on Nostr: But the borrower didn’t default , a third party, the government, arbitrarily ...

But the borrower didn’t default , a third party, the government, arbitrarily decided they didn’t have to pay back. If lenders knew this could happen they would not make the loan. Also grossly unfair on people who had no part in the transaction who are forced to pay for the ‘forgiveness’ through higher taxes and debasement. Remove the government from the process and let the loans be void in the case of bankruptcy.
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