But the McReynolds forecast could come true if defaults become acceptable in pursuit of partisan political advantage.
From shoddy underwriting to faulty documentation to outright fraud in pursuit of defaulting borrowers, the mortgage finance industry has dragged down millions of borrowers, and much of the global economy.
That, one economist notes, has become the default strategy for state and city governments in their pursuit of rapidly growing businesses, with many offering increasingly lucrative incentive packages to encourage employers to move to and create jobs in their districts.
For the back motor controlling movement speed, the PID control is defined to keep the pursuit unit at a preset distance (by default, 15cm) from the back of the target unit.
-- who hinted this week the government could default on its debts for a short time in pursuit of a broader deal to cut the deficit.
Research shows that homeowners in this state, known as being underwater, are less likely to move--such as in pursuit of a job--and more likely to default.
The many thrilling pursuits on offer take place mostly on the Soča river; rafting is the default activity, but there's also canyoning or hydrospeed.
The pursuit of material wealth contributed to unsustainable levels of debt, with suddenly higher prices for food and oil contributing to defaults - and the GFC.
Jonathan Barnet in pursuit.
