so that's the fundamental thing you want out of this party - the ability for people to rack up debts and then walk away into bankruptcy and dump the costs on the rest of us who responsibly pay our bills and live within our means?
No, I want businesses that engage in stupid and foolish actions to take responsibility for their actions and deal with them and not go crying to Uncle Sam to bail them out! Responsiblity works both ways.. If a bank isn't going to be responsible about who they lend money to, then they have to deal with the fact that they lended to deadbeats and eat the losses.
5 Billion CC solicitations a year in a nation of 300 Million... banks have given credit anyone able to fog a mirror and then want to abdicate the fallout of their own failed business practices and use the force of government to bail them out... Its BS and its Crap and the Republican's in congress should be tarred and feathered for going along with it.
You can track the number of bankruptcy filings and number of credit card offers per year and you will find a DIRECT CORRELLATION! More offers, more bankruptcies... you'd think as a bank you'd realize... hmmm.. We are letting way to many folks that shouldn't get credit, we better tighten our lending requirements or we're going to go bankrupt... Oh no, Lets just make congress bail us out of our own stupidity.
The republicans in congress have sold out "responsibility" on this one.