If you've heard anything about the pending bankruptcy bill, you know what I'm talking about. He's big. He's hairy. He's sweaty. He's staring at you from the corner of your new home with a lascivious grin on his face. And the jailer just clicked the door shut behind you.
Lube up.
Now I'm all for "personal responsibility," but The Really Big Bank of America™ gets to hand out credit like jello shots at a frat party, like torches at a Klan rally, like blow at Studio 54, charges insane interest rates to cover the costs of bankruptcies, and still makes more money than Ponzi. Does the bill restrict their practices in any way? Of course not. But it does restrict your options. Hell, even Glenn Reynolds says it stinks.
I'd make a crack about the Ownership Society™ if it wasn't for Democrats needing a spine transplant. Or maybe they're "choosing their battles"--you know, picking the less important ones to stand firm on. Biden is bought and paid for by Delaware creditors, but the rest? eRobin of Factesque has a list of
UPDATE: A little insight on the Dems' fluffing from a Democratic staffer.
No comments:
Post a Comment