Hobo
Well-Known Member
Particularly large sums of money clubs don't have . Too many on here have short memories and those of us old enough remember the ridiculous Richardson "soft debt" quote when he had accumulated shit loads of hard debt.
The same applies to the belief that debt isn't bad if it is serviceable debt? The problem comes when you keep reaching out and reaching out beyond your means. The creep creep and then the seesaw tips and all of a sudden you are in the shit.
Gamblers addiction syndrome. Gradual losses compel you to risk more to win it back.