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bunnyswanson11 months ago

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Visa Corp pushed through the most recent BK reform bills, namely, to disallow write offs, Ch 13 only unless the filer is a minimum wage earner. Thank God, the BK judges ignored those rules in many cases. Responsible lending would help. Divorce, job loss, medical emergencies are all very good reasons to be forgiven, and not ruined financially for the rest of one's life, 7-10 years is a long time to be punished with outrageously high interest rates - how could that even help the person who has lost their source of income? It is expensivce to be poor. BK is the least corp american ceos, those wolves we saw in front of congress asking for us to give them some cash cuz well, they screwed up royally. Tax write offs is what corp america is all about. It is time to let patriotism back onto the stage. I would suggest that the FICO and Money and these so-called gods of how the world's people are using their money be told to stick a sock in it. They failed as much if not more by not seeking the cash flows in the business owners. 720 = get a mtg? Let's try 650 = get a mtg and cut the shark loan tactics or maybe it is time to build a new banking system. This is capitalism, afterall. Fair lending should be quite a hit should one have the capital and integrity to go into the business of bartering.

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