Ah…soon, the debtors prisons, no?
A Senate bill to overhaul federal bankruptcy laws, a top priority of retailers, auto lenders and banks, cleared a key hurdle Tuesday afternoon. Sixty-nine senators — nine more than needed — voted for “cloture,” a procedural move that limits debate. Republican leaders hope to push the bill to a final vote by the end of the week. Earlier, the Senate turned back a controversial, abortion-related amendment that has scuttled previous efforts to pass bankruptcy legislation. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was first introduced in 1998 as The Consumer Bankruptcy Reform Act. (via MetaFilter)
Me, I think I’m going to start memorizing the words to “Oh Canada”…cause the U.S. just gets worse and worse and worse.
Ah…soon, the debtors prisons, no?
Verbatim, the words that came out of my mouth when I was listening to the story about it on NPR.
Hey, ‘God Save the Queen’ is easy to learn.
Just one more way to drive a wedge between the haves and have nots. They talk about bankruptcy like it’s a cool thing- run up your bills, go on vacation, max out the credit cards on cool stuff, then bail on the bill! Whoo hoo!
It is a last resort for many people, good, hard working people that get into trouble by being laid off, medical bills when they’re uninsured, and to make it even harder to get help is nuts. First they take away the ability for medical malpractice and negligence to be compensated, then if you go broke because of it, you’re in the poor house.
I’m not liking this country and what it stands for anymore. I want it back from the greedy pigs.
There are several relevant posts on this blog, but the one which says the most the best is this one:
http://slacktivist.typepad.com/slacktivist/2005/03/moral_bankruptc.html
I respectively suggest reading it before making any further comments about the nature of this bill.
The amazingly prescient Socialist Labor Party had a phrase for it, all the way back in the early ’70s: industrial feudalism.
We’re coming to it from one direction, China is coming to it from the other. Regardless of the direction from which it comes, it’s a boon for elites and economic captivity for the common people.
Welcome to Wal-Mart’s World.
Oh Canada is an easy one.
Just don’t make the common American mistake and
sing it to the tune of “Oh Christmas Tree” –
contrary to popular belief, they are two different songs.
I’m not speaking of “statistics”, I’m speaking of whether or not allowing 30% interest is good or bad, whether or not full disclosure of terms in advance is good or bad, whether or not provisions allowing homes to be taken by force of the State to satisfy credit originally granted without security is good or bad.
If you favor 30% interest rates for consumer loans, hidden loan terms, and people’s homes being taken from them, then you’ll like this bill.
If you don’t like these things, you won’t. It’s that simple.
> Heck, I was reading someplace that some mortgage broker guy
> said, “File bankruptcy, you can get a mortgage for a house
> tomorrow…” Say, what? To which I reply, “How about being
> responsible and quit putting the burden of paying your debt on me?
To which I reply “He’s a liar.” You cannot file for bankruptcy one day and get a mortgage the next, literally or figuratively. The statement is absurd.
Please base your arguments on reality.
I meant “I respectfully suggest…” Sorry about that.
I’ve haven’t heard the NPR take on it yet…I’ll have to go dig it out of their archives. Yeah, it’s an astoundingly bad bit of legislation that was written by lobbyists. Our congresscritters are nothing more than corporate whores.
Yeah…but crossing the ocean with this much crap…I wonder if we could stow aboard the QE2.
heheheh.
Hmmmm…looks like I missed a bit of an argument?
Yeah…I dunno what it’s going to take to cause a revolution…I mean it.
Seriously, even the Free Republic guys are against this. Every conservative I know is against it. And ya know what my refrain has been?
You wanted “four more years”….look what *YOU* did to the country.