There is a pet theory of mine I'm trying to get people to think about. It has to do with black holes. I don't believe they can form in our universe. That is, I believe they are a fantasy, and all speculation regarding them (such as Hawking's life's work) is an utter, valueless waste of time. Here's an essay I wrote up in 2004:
http://www.xdr.com/dash/essays/blackholes.html
then a later one I wrote up in 2011:
http://www.xdr.com/dash/essays/CosmicRecycler.html
Briefly the point is trivial: Matter falling inwards to form the super-dense object called a black hole can't actually keep falling in to form the event horizion because of gravitational time dilation. As the matter compresses more the escape velocity gets closer and closer to the speed of light, but necessarily the progression of time is slowing down (from the point of view of the outside observer). Time stops before the mass can compress enough to form the event horizion. An infinite time outside is still insufficient for the event horizon to form. Since we live in the outside universe (outside the black hole) and from our point of view the black hole never has time to form, they don't really exist. So there is no singularity, no point where the physics break down, no problem with information loss. No problems at all, in fact.
BTW I don't believe in the big bang theory either. I think the universe is eternal, has lasted forever and will last forever.