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The sensible response from society is unfortunately restricting personal bankruptcy laws. Essentially this is an organized attack on civilized society and it ne

by tpmx 6y ago

The sensible response from society is unfortunately restricting personal bankruptcy laws. Essentially this is an organized attack on civilized society and it needs to be shut down, somehow.

baq 6y ago
if this is the only alternative you can come up with, then you unfortunately suffer from a lack of imagination. another solution would be to make that $30k enough for a comfortable life so the bet doesn't seem that attractive in the first place.
- tpmx 6y ago
  I think you may have replied to the wrong comment?
  - cbozeman 6y ago
    No, they didn't. If you're so daft that you think its okay to give literally trillions of aid to companies in the form of tax breaks, bailouts, subsidies, and other horseshit, but letting people write off mere millions in bankruptcy proceedings because they know at a fundamental level that the system is - if not broken, definitely malfunctioning - then brother, you are part of the problem here.
treis 6y ago
In a country where we just handed out $50 billion dollars to airlines (again) a bunch of poor WSB tards abusing bankruptcy is not really a problem. Especially considering how predatory the CC companies et. al. are. It's like a zebra killing a lion with a lucky kick and thinking "tut tut we need to change the rules of the hunt".
- tpmx 6y ago
  Okay. Luxuary Space Age Communism it is. Everyone shall have all of the money. (I skipped a few obvious steps.)
TheCoelacanth 6y ago
The sensible response from society is to say "if credit card companies were foolish enough to give unsecured cash loans to these people, then that's their problem".
leetcrew 6y ago
or just double the amount of time that bankruptcy stays on your credit report and let the lenders handle it as they see fit. I will say I find your take rather dramatic. I don't see screwing over a couple hedge funds as an "organized attack of civilized society".

by tpmx 6y ago

The sensible response from society is unfortunately restricting personal bankruptcy laws. Essentially this is an organized attack on civilized society and it needs to be shut down, somehow.

baq 6y ago

if this is the only alternative you can come up with, then you unfortunately suffer from a lack of imagination. another solution would be to make that $30k enough for a comfortable life so the bet doesn't seem that attractive in the first place.

tpmx 6y ago
I think you may have replied to the wrong comment?
- cbozeman 6y ago
  No, they didn't. If you're so daft that you think its okay to give literally trillions of aid to companies in the form of tax breaks, bailouts, subsidies, and other horseshit, but letting people write off mere millions in bankruptcy proceedings because they know at a fundamental level that the system is - if not broken, definitely malfunctioning - then brother, you are part of the problem here.

treis 6y ago

In a country where we just handed out $50 billion dollars to airlines (again) a bunch of poor WSB tards abusing bankruptcy is not really a problem. Especially considering how predatory the CC companies et. al. are. It's like a zebra killing a lion with a lucky kick and thinking "tut tut we need to change the rules of the hunt".

tpmx 6y ago
Okay. Luxuary Space Age Communism it is. Everyone shall have all of the money. (I skipped a few obvious steps.)

TheCoelacanth 6y ago

The sensible response from society is to say "if credit card companies were foolish enough to give unsecured cash loans to these people, then that's their problem".

leetcrew 6y ago

or just double the amount of time that bankruptcy stays on your credit report and let the lenders handle it as they see fit. I will say I find your take rather dramatic. I don't see screwing over a couple hedge funds as an "organized attack of civilized society".