LawTalkers - A Forum for Grinches and Ho-Ho-Hoes

The record number of bankruptcies in America is not the fault of consumers so much as it's the fault of credit companies willing to extend credit to pretty much anyone, independent of their means or station. When I lived in Brooklyn, one of my roommates was unemployed for almost a full year. After six months of unemployment, he did an experiment and saved all the pre-approved credit offers he received. The result: in one month, this unemployed 26-year old was offered almost a hundred thousand dollars in preapproved credit. That the bankruptcy bill does zero to address this corporate malfeasance -- a major and easily-addressed cause of the bankruptcy rate -- is absurd.

Isn't the GOP the party of personal responsibility? To believe this statement, you must believe that the debtors are really the victims. PA-LEASE.

Is your last paragraph responding directly to the passage you quoted, or is it more general?

bilmore

03-11-2005 12:28 PM

Recruiting down

Quote:

Originally posted by taxwonk
According to most studies the DoD has done, the main factor is that we are involved in a state of war. People are less inclined to sign up for the job training and the college money if they aren't as sure they'll survive to reap the benefits.

Other factors are a small increase in the number of stories reporting discrimination in the military, the fact that tours of duty are being extended frequently, and that recruitment overall is down dramatically, so it would follow that minority enlistment would be down as well.

Point was, though, that non-minority enlistment wasn't down nearly as much as minority enlistment.

taxwonk

03-11-2005 12:32 PM

bad bill. very bad bill

Quote:

Originally posted by sgtclub
I'm not sure it's the government's business.

As opposed to the rest of the banking and credit system?

ltl/fb

03-11-2005 12:35 PM

bad bill. very bad bill

Quote:

Originally posted by bilmore
So, no interest rate caps, either?

And no meat inspection? Adults can sniff, right?

Exactamundo, libertarian boy. In fact, the FDA is right out. Adults can read clinical trials, and evaluate whether the methods were satisfactory and whether or not the company is lying. I mean, you (or your surviving family) can always sue after the fact.

Shape Shifter

03-11-2005 12:36 PM

bad bill. very bad bill

Quote:

Originally posted by ltl/fb
Exactamundo, libertarian boy. In fact, the FDA is right out. Adults can read clinical trials, and evaluate whether the methods were satisfactory and whether or not the company is lying. I mean, you (or your surviving family) can always sue after the fact.

As long as it gets the Government's hands off his meat.

taxwonk

03-11-2005 12:36 PM

Recruiting down

Quote:

Originally posted by bilmore
Point was, though, that non-minority enlistment wasn't down nearly as much as minority enlistment.

I realize that. I was counting on not having to point out that among minorities, the Army provided one of the better sources of job training and college funding available. Thus, one would expect a greater porportionate dropoff. The fact that the minorities are the largest source of enlistments in recent years would act as a multiplier when enlistment drops off.

ltl/fb

03-11-2005 12:38 PM

bad bill. very bad bill

Quote:

Originally posted by Shape Shifter
As long as it gets the Government's hands off his meat.

Mmmmmmmmmeat.

What was the book about slaughterhouses?

Did you just call me Coltrane?

03-11-2005 12:39 PM

bad bill. very bad bill

Quote:

Originally posted by sgtclub
I, like most adults, am perfectly capable of assessing my debt exposure limitations.

Wasn't there a study that claimed that half of all personal bankruptcies are caused by medical debt?

I'm all for personal responsibility, but no way should I have had a credit card as a freshman in college.

Did you just call me Coltrane?

03-11-2005 12:41 PM

bad bill. very bad bill

Quote:

Originally posted by bilmore

And no meat inspection? Adults can sniff, right?

The dual mission statement of the USDA negates any belief that meat inspections are legit. You should sniff.

Hank Chinaski

03-11-2005 12:41 PM

Something was rotten in the state of Ohio.

Quote:

Originally posted by taxwonk
Better be careful with the Orwell references or Hank will get all pedantic on you ass and then, well....

Oh wait, you are Hank. I guess it's okay then, because you really know your Orwell.

Orwellian in the 1984 sense (as I used it) is descriptive- Orwellian w/o limitation is not.

Replaced_Texan

03-11-2005 12:42 PM

Something was rotten in the state of Ohio.

Quote:

Originally posted by bilmore
No, for an aphrodesiac, all you really need are those "best women" I spoke of.

I'm screwed. No money, no power, no interest in those "best women."

ltl/fb

03-11-2005 12:45 PM

bad bill. very bad bill

Quote:

Originally posted by Did you just call me Coltrane?
Wasn't there a study that claimed that half of all personal bankruptcies are caused by medical debt?

And, many of the current reorg bankruptcies end up as discharge bankruptcies because the debtor can't make payments. So expanding the poorer end of reorg bankruptcies isn't likely to fix anything really, although I think that one could make quite a killing in the debt counseling area now, as that is mandatory under the new law (hey club -- they have added regulatory requirements -- isn't that bad?). Maybe I will set up a business. Or, this could be how Sebby finally makes it out of law.

bilmore

03-11-2005 12:46 PM

Something was rotten in the state of Ohio.

Quote:

Originally posted by Replaced_Texan
I'm screwed. No money, no power, no interest in those "best women."

Aren't those contradictory sentences?

Did you just call me Coltrane?

03-11-2005 12:49 PM

bad bill. very bad bill

Quote:

Originally posted by ltl/fb
And, many of the current reorg bankruptcies end up as discharge bankruptcies because the debtor can't make payments. So expanding the poorer end of reorg bankruptcies isn't likely to fix anything really, although I think that one could make quite a killing in the debt counseling area now, as that is mandatory under the new law (hey club -- they have added regulatory requirements -- isn't that bad?). Maybe I will set up a business. Or, this could be how Sebby finally makes it out of law.

A Chapter 7 Panel bankruptcy trustee aquaintance of mine no likey this bill. And he's voted republican for the past 30 years.

Shape Shifter

03-11-2005 12:51 PM

bad bill. very bad bill

Quote:

Originally posted by Did you just call me Coltrane?
Wasn't there a study that claimed that half of all personal bankruptcies are caused by medical debt?

The study is here. To the extent that there is a bankruptcy "crisis," I suspect it is inextricably linked to the healthcare crisis. Take it away, RT.

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