Here here!
What is this, the People's Socialist Republic of America? If someone (lender or borrower) bets they can make a transaction work and they fail, they GO BANKRUPT, like every business proposition in a free market.
To do otherwise is to:
Privatize Gains and Socialize Losses.
There is no end to that.
That’s right, lets just have a good old fashion 25 year depression! Lets millions starve in the streets- THATS Capitolizm by golly!
That's it in a nutshell.
Privatize Gains and Socialize Losses.
///////////
“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.’’
President Jackson