To: Rummenigge
I think the big banks saw this coming which is why they had CONgress re write the bankruptcy law.
They spread so much cash around, even that noble - even a paragon of public service, William Jefferson, D-LA, voted for it ;^)
9 posted on
03/15/2007 1:33:28 AM PDT by
investigateworld
(Those Border Patrol guys will do more time than the worst Jap POW camp commander, thanks Bush!.....)
To: investigateworld
I think the big banks saw this coming which is why they had CONgress re write the bankruptcy law. I don't think debts incurred via fraud were ever (or now) eligible to be discharged in bankruptcy.
To: investigateworld
If that's true it's stupid.
Why? Because, if someone's insolvent, they're insolvent. Not allowing them to file bankruptcy won't get them their money any faster, it just gives a lender license to continue harassing the person for money they don't have.
81 posted on
03/15/2007 11:32:21 AM PDT by
RockinRight
(The fecal matter is about to hit the rotating air circulator.)
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