They would never have the problems they had if the people they loaned money to paid their debts and I'm 100% sure if there was a theat or fear of slavery if you walked away from your house, those people that did walk away would've thought twice and even come up with a solution to earn more money should they have needed more to pay their mortgage. Heck, they could've rented a room to illegal aliens at 100 bucks a head and stuck 10 of them in a room together for an extra 1000 bucks a month. But guess what...they said...no, i dont want no mexicans living in my house...I would rather walk away and let BSC hold the bag or whoever else. If I owed a debt that my job could not pay, and the consequence was slavery, I would be out recycling cans & bottles from dumpsters, taking the kids out to sell soda at football games, washing cars and mowing lawns on weekends....I would come up with the cash. But what is the consequence for people? Oh I'll just go to the courthouse, sign a few bankruptcy documents and start over and let someone else pay my debt because signing my name is much easier than paying off my debt and besides...this is america...there is no honor in a mans name anymore, honor is tied up in my social security number which is something that no one sees unless I let them. Another reason slavery is a good answer to our problems is that its much better than say putting someone in jail for fraud, because doing that just ends up costing us more. I'm all for paying people back for what you did wrong, not putting them in jail and taking care of them for the rest of there lives with no resistution to the victims and in fact the victims and us are paying to take care of the fraudster. All you do when you put someone like that in jail, is make them more unemployable than they already were so in fact they go back to their schemes. As a slave, they could learn a trade and then when they become free later on, they have something that they have years of skill at and are very much employable then. Oh and a reply to the person that was talking about slavery in brazil...thats not the type of slavery I am talking about. I'm talking about biblical slavery, where you didnt have a right to just kidnap people for slaves, or rape your slaves. In biblical times a master could be killed for doing such things to a slave or at the very least beaten and the slave freed for that crime. And although people did kidnap back then and sold people with no debt as slaves there were many slave handlers that did get caught and executed for this practice.
In case anyone missed it, successful traders pay 50% of their gross income to the government in one form or another. Thank God for family limited partnerships.