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		<title>What We're Looking For To Go Splat! Part 1</title>
		<description>Discuss What We're Looking For To Go Splat! Part 1</description>
		<link>http://boombustblog.com/reggie-in-the-news/item/1387-what-were-looking-for-to-go-splat-part-1</link>
		<lastBuildDate>Tue, 21 May 2013 23:41:01 +0000</lastBuildDate>
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			<title>Mark Hankins says:</title>
			<link>http://boombustblog.com/reggie-in-the-news/item/1387-what-were-looking-for-to-go-splat-part-1#comment-2040</link>
			<description><![CDATA[The "deleveraging" of consumers should probably be more accurately termed "defaulting" since charged-off credit cards are no longer counted as assets by the banks, and both Moody's and Fitch see credit card charge-off rates in excess of 11% through the summer. Chapters 7 and 13 bay be the only available yardsticks of consumer financial distress, but they do not capture the swath of consumers who eschew the chapters and instead pursue "informal bankruptcy" (as described by Dawsey  Ausubel), or what in the old days was termed "being a deadbeat." Because this topic is apropos of my book, I'll mention it here. It's called "Debt Hope: Down and Dirty Survival Strategies" and it's available for the Kindle and as a .PDF. However, just this morning I was offered a deal to put it in print. Depending how that goes, it may soon be available in hardcopy form.]]></description>
			<dc:creator>Mark Hankins</dc:creator>
			<pubDate>Fri, 23 Apr 2010 16:25:43 +0000</pubDate>
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