Hackers kicked CERN out

Miscellaneous Forums/General Discussion/Hackers kicked CERN out

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Yeah, but the reason for that is all the outstanding American credit. People have borrowed irresponsibly (among many other reasons for the downturn) and cannot pay, so its all now biting the bullet. If people cannot pay their debts and declare bankruptcy (essentially freeing them from debt, but financially scaring them for life) then the banks cant recover the funds either, especially if no one can afford to buy the repo'd property at the right price. If too many people do it then the bank goes bust, if too many banks go bust... etc, which is more or less what has happened. Its a vicious circle.