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Society wants banks to make loans, only not with such improvidence that large numbers of borrowers end up defaulting.
In fact, up to 11% of former students end up defaulting on their payments.
He knows that some businesses that get disaster loans end up defaulting.
If we were to hit the debt ceiling, the U.S. government would end up defaulting on many of its obligations.
The fear is that without the €7.2bn of outstanding bailout money, Greece will end up defaulting on its debts and leave the eurozone.
If the UK falls out with the EU, it may end up defaulting to trade relations on World Trade Organisation terms.
Similar(36)
One in seven people who had never before seen this kind of credit trouble ended up defaulting, the study showed.
Despite those efforts, Argentina ended up defaulting on most of its $141 billion foreign debt in December.
If Finova ends up defaulting on its $7.2 billion in bonds, it would be the largest corporate bond default since the Depression, according to Moody's Investors Service.
A lot of these securities that were rated very highly by the rating agencies, rated AAA, ended up defaulting and losing money for their investors.
There's a third potential loser as well: the subprime buyer who does accept the cash-back payment but still ends up defaulting on the loan.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com