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Posted by: Grrr 1 year ago
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Grrr1 year ago
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The bailout is just another CON perpetrated by this administration. A continuation of the 8 year smash-and-grab heist of our nation's wealth that we have had to endure. As with every appointment of various agency and commission directors under W, the foxes are guarding the henhouse, and now we're letting them write their own legislation.
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This sh!t is traitorously criminal.-
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chevydog1 year ago
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Yeah, i did see the part about the "crony capitalism". But felt that it was such a small part of the article and rather off the mark, so not worth commenting on.
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When you have something bad happen, the natural (though no necessarily the fair) impulse is to blame somebody. Dems blame Repubs; Repubs blame Dems: people like me blame business managers. Sometimes some of this is correct. But sometimes stuff is just a matter of well-intentioned steps interacting in ways not intended or known that blows up in one's face. Except for finding a mechanism, blame in something like this is pretty counterproductive.
As for the "crony cpitalism", I yield to Mrs. Chevydog who challenges me to show her when any politician--ever--hasn't feathered the nests of friends given the opportunity. A little more cynical than I like to be; but more truth in it than not.
You mention the bailout being a CON. I would submit the the forclosures arising from the ill-advised mortgages are not a CON; nor is the drop in the value of houses. Nor is the fact that some financial companies (deservedly in my eyes) have disappeared. There's alot of stuff in this whole episode that bugs me. But now we're at the stage of having to fix the situation. The bailout may not have been the only possible solution or even the best; but for better or worse it's what we're stuck with. Nothing personal, but I fail to see how pointing fingers in the current situation contributes anything positive.-
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blowback1 year ago
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New Rules For Bankruptcy
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Bush Signs Bill With Tougher Requirements Set To Begin In October
WASHINGTON, April 20, 2005
(CBS/AP) President Bush signed the biggest rewrite of U.S. bankruptcy law in a quarter century on Wednesday, making it harder for debt-ridden Americans to wipe out their obligations.
"Bankruptcy should always be a last resort in our legal system," Mr. Bush said. "If someone does not pay his or her debts the rest of society ends up paying them."
http://www.cbsnews.com/stories/2005/04/20/politics... -
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