It is destructive "in general" when the amount is a significant portion of GDP, federal budget, or total national assets. This qualifies.
This is like the sub-prime mortgage meltdown with the credit default swaps. This is like the automotive industry troubles that led to cash-for-clunkers, GM earning the moniker "Government Motors", Chrysler being sold to Fiat, and tax refunds for buying new cars. This is like the time back in the 1980s when we bailed out the savings-and-loan companies.
I disagree. For each loan, you have both sides. So if one side suffers, it doesn't qualify but if the other side suffer is does qualify?
Also, you can't gain from the interest, make all that money, and then expect the law to protect you from this risk side of the "risk/return" ratio because "too many" are in the same boat.
This is like the sub-prime mortgage meltdown with the credit default swaps. This is like the automotive industry troubles that led to cash-for-clunkers, GM earning the moniker "Government Motors", Chrysler being sold to Fiat, and tax refunds for buying new cars. This is like the time back in the 1980s when we bailed out the savings-and-loan companies.