Posted by Scott in SoCal on July 4, 2009, 3:22 pm
>Abandoned cars are
>beginning to pile up at Dubai International Airport as overextended
>expatriates flee. Dubai throws debtors in the pokey
Something the US should seriously consider. If we still had debtor's
prisons, we would not be in a complete financial meltdown right now.
>3,000 cars are reportedly stockpiled at the airport so far, and with
>reports of 1,500 visas a day being cancelled, there may be a lot of dusty,
>cut rate luxury cars available for closeout prices.
They might be cheap to purchase, but the shipping costs would kill ya.
:)
Posted by Bert Hyman on July 4, 2009, 3:46 pm
>
>>Abandoned cars are
>>beginning to pile up at Dubai International Airport as overextended
>>expatriates flee. Dubai throws debtors in the pokey
>
> Something the US should seriously consider.
Why?
If I owe you money, how does having The State snatch me up and throw me
in jail help you in the least?
--
Bert Hyman St. Paul, MN bert@iphouse.com
Posted by krw on July 4, 2009, 4:18 pm
>>
>>>Abandoned cars are
>>>beginning to pile up at Dubai International Airport as overextended
>>>expatriates flee. Dubai throws debtors in the pokey
>>
>> Something the US should seriously consider.
>Why?
>If I owe you money, how does having The State snatch me up and throw me
>in jail help you in the least?
If you knew there were real consequences for your actions you might
think twice.
Posted by Rod Speed on July 4, 2009, 4:52 pm
Bert Hyman wrote
>>> Abandoned cars are beginning to pile up at Dubai International Airport
>>> as overextended expatriates flee. Dubai throws debtors in the pokey
>> Something the US should seriously consider.
> Why?
> If I owe you money, how does having The State snatch
> me up and throw me in jail help you in the least?
In theory it does discourage some from ending up not being able to repay debt.
Posted by Scott in SoCal on July 4, 2009, 10:45 pm
>>
>>>Abandoned cars are
>>>beginning to pile up at Dubai International Airport as overextended
>>>expatriates flee. Dubai throws debtors in the pokey
>>
>> Something the US should seriously consider.
>Why?
>If I owe you money, how does having The State snatch me up and throw me
>in jail help you in the least?
The same way a life sentence/the death penalty helps me if you murder
me.
The key concept here is "deterrence."
XML site map
>beginning to pile up at Dubai International Airport as overextended
>expatriates flee. Dubai throws debtors in the pokey