Then complain to Obama. Or, when you sign a contract, read the fine print. Thinking of bankruptcy as an option is exactly what is wrong with this country. Lastly, choice was an option here, not audacity to hope.....that crap sounds like Obama.
Let's say you have a million bucks and you have two applicants wanting you to loan them the money.
One of them will use it for a purpose which prohibits the loan being discharged in case of bankruptcy. The other guy is going to use it for a purpose which involves property of equal value.
The interest rates are the same. The terms are the same.
Which loan is the safer loan? And that's for YOU as the lender, not for the borrower!
You certainly can't be opposed to lenders evaluating risk in case of bankruptcy on the part of the borrowers can you?