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<p>[QUOTE=&quot;Cloudsweeper99, post: 1206955, member: 3011&quot;]It depends on the specifics of each situation.&nbsp; When a bank lends money to someone who is not creditworthy or was creditworthy but subsequently loses their ability to pay, and the loan subsequently goes into default, it is the fault/obligation of the bank of course and they should take the hit.&nbsp; In this case, there are bankruptcy laws to give the individual a fresh start.&nbsp; If the person runs up a credit card balance and refuses to pay even if they are able, there are legal remedies for the bank to pursue.&nbsp; But there is no law requiring indentured servitude or imprisonment until the loan is repaid.&nbsp; The same goes for nations.&nbsp; The biggest absurdity in the world is for someone to believe that the population of an entire nation should be treated worse than the individual citizens of that nation would be under similar circumstances just because the loss and economic pain is on a larger scale.&nbsp; The banks need to take the hit and refuse to extend additional credit if that is their choice.&nbsp; In the case of Greece, the banks should bargain to restructure the existing loans and take a hit for the difference.&nbsp; The whold idea that the IMF should step in, reimburse the banks in full, and take control of the national economy to recover their money regardless of the impact on people is criminal in my opinion.[/QUOTE]</p><p><br /></p>

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