[lbo-talk] Re: frontiers of financial innovation (?)

[Wojtek Sokolowski]

Jordan:
> It also COMPLETELY UNDOES the cancellation of "interest for personal
> debt" being tax advantaged: businesses write off 100% of interest paid,

But on the other hand, it swaps an unsecured debt into a secured one, which
makes all the difference in the world if you consider filing for Chapter 7
bankruptcy protection.

Wojtek