tag:blogger.com,1999:blog-8774506.post110991192736331241..comments2023-11-03T07:31:49.573-04:00Comments on Liberal Citizen: Protection for the Wealthy When They ScrewGeorgehttp://www.blogger.com/profile/09253150846911854844noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8774506.post-1110492765468509962005-03-10T17:12:00.000-05:002005-03-10T17:12:00.000-05:00Kos has a posting why some "reasonably progressive...Kos has a posting why some "reasonably progressive politicians" voted to go along with this bad bill....<br /><br />The analysis shows that those Dems get lots of $$$ from the banking industry....<br />Jim, DEAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8774506.post-1110045749355807572005-03-05T13:02:00.000-05:002005-03-05T13:02:00.000-05:00thinkprogress.org has a "strategy memo" on the ban...thinkprogress.org has a "strategy memo" on the bankruptcy bill by John Podesta, former Clinton chief of staff.. it's worth readingGeorgehttps://www.blogger.com/profile/09253150846911854844noreply@blogger.comtag:blogger.com,1999:blog-8774506.post-1109979846582426952005-03-04T18:44:00.000-05:002005-03-04T18:44:00.000-05:00Yes, you're absolutely right! Actually, the Dems i...Yes, you're absolutely right! Actually, the Dems in the Senate tried to include an amendment to protect the military personel but it was voted down by the Repubs!<br /><br />It's obvious that the credit card companies don't take any hostages... and their hacks in Congress oblige!<br /><br />Another point is that the same reservists/national guardsmen lose their health coverage once they return home from active duty. Efforts by Hilary Clinton and others to provide coverage for them have stalled in Congress.<br /><br />The bill treats someone who spent money on health care the same as one who maxed his c.c. at a casino or a shopping mall!<br /><br />But before we shift the focus on the reckless consumers (yes, they deserve the blame) we should put things in perspective... that is, look at the thievery and the outright scamming of the consumer by the c.c. companies... Only in America usury fees are legal... and those fees can change at will (not yours, but the banks'). <br /><br />It's like you agree to buy a car at a price, but when you take it home, they tell you now it costs more! Oh, and you wrecked your lawnmower, you're a high risk.... and the fees climb up!<br /><br />It's no wonder why the banking industry is having record profit years!Georgehttps://www.blogger.com/profile/09253150846911854844noreply@blogger.comtag:blogger.com,1999:blog-8774506.post-1109979022024562732005-03-04T18:30:00.000-05:002005-03-04T18:30:00.000-05:00you should have mentioned the families of those re...you should have mentioned the families of those reserves and national guardsmen who've been called to Iraq, and with the "back door draft", they've spending upwards of a year there....<br />Those who have/had businesses are definitely going to feel the financial burden, even have to declare bankruptcy if their businesses fail!<br /><br />Jim L. NJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8774506.post-1109969717875727332005-03-04T15:55:00.000-05:002005-03-04T15:55:00.000-05:00I had the same discussion with friends just the ot...I had the same discussion with friends just the other day.. they don't seem to understand that although there are irresponsible people out there, the majority of them don't come from the middle/lower classes.<br /><br />The scam is perpetuated by the wealthy who do have ways to shield their assets and live a normal life just before and after bankruptcy!<br /><br />The Harvard study showed that in the 2 years before filing for bankruptcy, 19% of families went without food, 40% had their phone cut off, 43% couldn't fill a medical prescription, and 53% went without any medical care.<br /><br />So the proposed law will not enable the average person hide anything because he ain't got anything to hide.<br /><br />What everybody has to understand is this: THE RICH WHO FILE FOR BANKRUPTCY DO NOT DO IT FOR MONEY PROBLEMS! They do it to PROTECT their assets and KEEP their money!<br /><br />SK, NYAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8774506.post-1109951359665031332005-03-04T10:49:00.000-05:002005-03-04T10:49:00.000-05:00Bankruptcy is one of the most agonizing things a p...Bankruptcy is one of the most agonizing things a person has to go through. Especially when this person is poor or middle class (whatever this means). Losing one's credit it's much more difficult to climb up again.<br />On the other hand, if a rich person who has access to accountants and lawyers and, thus, can set up "trusts" or off-shore accounts, declares bankruptcy, I don't think it's that much of a big deal... They have enough resources to resume their lives, AND, they do have connections!<br /><br />Anne, NYAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8774506.post-1109915886207682462005-03-04T00:58:00.000-05:002005-03-04T00:58:00.000-05:00Universal default, fees and APR that change whimsi...Universal default, fees and APR that change whimsingly, are some of the ways the credit card companies have been screwing us. <br /><br />Is this what Bush meant by spending his political capital?<br /><br />One attack after the other.... It began with attempting to privatize Social Security....<br /><br />Tsk, tsk...Anonymousnoreply@blogger.com