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It's fine to give people the choice to borrow money, if you also give them the choice to not pay it back. But, bankers have lobbied government to remove that ch
by gowld 7y ago
It's fine to give people the choice to borrow money, if you also give them the choice to not pay it back. But, bankers have lobbied government to remove that choice for poor people, but not for rich capitalists.
The Mortgage Bankers Association defaulted on its own mortgage while trying to ban personal defaulting.
https://en.wikipedia.org/wiki/Mortgage_Bankers_Association https://en.wikipedia.org/wiki/Mortgage_Bankers_Association
Personal bankruptcy rights has been consistently er
- musicale 7y ago> Personal bankruptcy rights has been consistently er Was there more to your post? This is a hilarious example. Also, bankruptcy exists for a reason: the injustice of debtor's prison. Student loans should also be discharged in bankruptcy.
- tonyedgecombe 7y ago>Student loans should also be discharged in bankruptcy. That would kill student loans because most students would declare bankruptcy as soon as they have graduated.