4 ms·

nope. https://www.npr.org/templates/story/story.php?storyId=9803213 https://www.npr.org/templates/story/story.php?storyId=980321...

• ianai 7y ago
  Next let’s fix glass-steagall! There were some very good regulations in place before they got dismantled...
  • a-dub 7y ago
    this was a political fail. had to be patched by the courts. :(
• StillBored 7y ago
  That whole law was a giant middle finger to the population. It wasn't like judges were handing out debt forgiveness like candy. Yet, the law acts like they were and creates a means test that removes ~50% of the population from being eligible. There are thousands of really ugly laws like this. This is why I think the democrats are incompetent. Its Obamacare's bad marketing, where if you ask random people what the law did, overwhelmingly most people aren't going to remember the positive things, only the individual mandate and all the negative things being used to reduce its public appeal. The entire democratic party has this problem, partially because they don't have a #1 propoganda channel running reminding people of these failings.
  • blaser-waffle 7y ago
    There are plenty of left-wing propaganda channels. They just push "woke" agenda items and not financial ones. Some of this is because, like with the right, it's easier to push emotional issues than abstract financial ones -- how many average voters understand Glass–Steagall?
• gok 7y ago
  The 2005 law extended it, but dischargabilty has been increasingly excepted by the bankruptcy code starting in 1976.