personal bankruptcies climb 9% in 2010 as 1.5 million file

people are doing what they have to

one cannot have healthy capitalism while the idea remains current that when borrowing money a range of other options are available besides paying it back; which idea is of course related to that other rentier fallacy that increased borrowing --- (the new, bad fractional reserve made up not of "thin air" as often stated, but of forcible theft of value from earners and savers!) --- results in increased real growth, and more rapid distribution of the benefits of capitalism to the lower sectors of the income chain...

there exists no such thing as "thin air" in economics, the "printing of money" or creation of currency credits is a type of theft for which death was once the punishment...

California clocking in at #2 with a 25% year-over-year increase