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"The thing that's really important to understand is, the last thing an empire traditionally does is drive itself into bankruptcy. You've seen that with the great empires."

— Juan Enriquez
juan enriquez Quotes Empires,Bankruptcy,Great Empires

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Juan Enriquez
Empires
Bankruptcy
Great Empires

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But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

— Suze Orman

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Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

— Robert F. Engle

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