I think it’s hilarious that 32 percent of the members of the National Association of Business Economics say that loan defaults and excessive debt is their biggest concern.

Bad credit has supplanted terrorism as the gravest immediate risk threatening the economy, a key national research group reported Monday.

Borrowers’ withering ability to pay their bills and the subsequent fallout in the credit markets this summer topped the list of short-term risks on peoples’ minds, according to a survey of 258 members conducted by the National Association of Business Economics.

NABE, a Washington-based association, said 32 percent of its surveyed members cited loan defaults and excessive debt as their biggest near-term concern.

If they hadn’t bent the rules and made those loans to people who were already stretched to the limit they wouldn’t be in that position.

The ability for these sharks to stay in business after all of the fall out is no-where near the top 99% of my concerns.

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