Felony, felony, felony!!! At one time it was perfectly legal to buy cocaine at Sears and Roebuck and committing adultery was a felony.
Yeah I know the law is the law, doesn't mean we have to actively support it. N-A-Z-I doctrine was law.
Ted Turner seems to be able to keep filing bankruptcy, doesn't seem to hurt his life style (is that ok because he is privileged?).
Higher interest rates, wasn't it George W. who was involved in the S & L scandal, I know it was one of them, George, Jed, Jethro, whatever (I voted for both Georges, this is an observation, not a political view). Or how about the congressional check writing scandal. How about financial institutions making profits off of American's income sending Information Technology jobs overseas based on a claim that it is cheaper. It is not cheaper or better labor, it does allow a lot more room for graft and kickbacks and ten years down the line these same companies are going to be looking for tax relief because their systems are total FUBAR because they were "saving money". On top of that, sending these jobs overseas increased loan defaults, decreases tax base, who's the criminal? Come on, the country is bankrupt and they keep charging and charging and those in control have the best medical and retirement plans in the country and have total immunity from their mistakes.
Legally all my concerns in bankruptcy are covered, but I still feel that the bankruptcy laws favors those who are rich and get into trouble over those who are poor and are in most need of relief.
300k in real estate exempt, but 2k in a car. Someone with a 300k house can then turn around and sell it. Get a 200k house and have a 100k for cars, boats, etc.
Who's causing higher interest rates?
I am not on his side, but, how many police officers could ever afford 300k for a house, and on top of that, have it paid for.
It really doesn't sound like he held back a lot, I doubt the boat was a yacht and while guns do hold about 50% of their retail value, just how many did he have that weren't protected assets already?
If by telling the trustee she can save herself from these loans, she probably has a good reason to do so, if not, being vindictive isn't going to help. Bad Karma begets bad Karma. Since she is not filing bankruptcy, makes 1/3 of his income and is stuck with his bills, I am guessing that she don't want a bankruptcy on her credit. Why not? She married him, let him rack up debt on joint accounts, and made a big financial mistake. She doesn't want bankruptcy on her record, even for the reason her ex was a jerk and it wasn't really her fault. A lot of my debt has to do with my ex, only I am legally totally responsible for it, she is free and clear from that aspect. It doesn't mean her life is peachy keen, it isn't, she is still worse off them me.
Bill Gates made a fortune developing software that kept having to be replaced and failed. It was Americans who paid for this buggy, quickly obsolete software. What did Bill do, did he give people new software to replace the buggy stuff. No, he put out a new release, charged for it and now sends jobs and bends over backwards for India.
As far as higher interest rates, inflation plays a whole lot more in interest rates then bankruptcy. Does anyone remember the 70 & 80's? Who profited from that?
The truly wealthy must laugh at us, instead of sticking together and changing the law, we argue over nickel and dimes while they keep stuffing the vaults with cash. We need more lenient bankruptcy laws, not more stringent. Banks must take the responsibility for their gambling for profits. They are the first to ask tax payers to bail them out should they make a mistake. As long as we keep pointing to each other as the problem, the problem will continue, the little guy will always be at risk, very few of us have any control over the economy, companies sending jobs overseas, corporate and government downsizing. You can bust your butt for 20 years, pay your bills, then one morning go to work and watch airplanes crash into buildings and realize that the action will put you out of work.
Those being paid to protect us from such threats dropped the ball. They still got paid, still got their medical and retirement.
You lose everything because you were in the wrong place at the wrong time. We rushed to aid those hurt by the tsunami as well as those who were directly effected by 9/11. But those who were financially hurt through jobs lost, well they had everything taken from them.
