Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
]It is totally partial to financials but that is in part because it was only created for financials. The problem is financials are only one of many areas in trouble. If they were going to bail them out, they might as well bail out every other distressed industry too like the autos. They now realize that and are trying to basically re-write the original flawed bailout which didn't include them.
The bankruptcy act of 2005 must be overturned. Everyone seems to think bankruptcy is done by completely negligent people or scamartists trying to screw the system but the truth is the large majority of bankruptcies are the result of unexpected job loss, family emergency, or massive medical bills. There's no reason why these people should be hooked like a ball and chain to their debt no matter what for the rest of their lives.
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