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Debt is a great evil. The worst curse--after war--inflicted on mankind is the concept of credit. If (and this is hard to imagine I know) the idea of lending money was never conceived, it would be a much happier world. As for the bankruptcy bill, I fear it simply strengthens the strong (banks, credit card companies) at the expense of the weak (debtors). It is odd that legislators who supposedly ask themselves WWJD vote for a bill HE would have detested. Still, if all this discourages borrowing, it's a real silver lining. In the immortal words of William S.: "Neither a borrower nor a lender be".

Greetings Hooman!!! We Ferengi have taken over. B-P

Well, I always joked, well as time goes on, semi-joked, that one thing about Islam that is good is they prohibit interest on loans. Trouble is, most of the other tenants of Islam don't really jive with and of course, we know about the radicals. Even a blind squirrel finds a nut every now and then.

Then again, our money system is based on interest so it would come crashing down so it is a pipe dream. Getting back on track, I think most of the fault on bankruptcies is on the shoulders of lenders and credit card companies, they would probably lend money to my 18 year old calico cat if they could. This legislation is just bought and paid for by the companies pure and simple. I think maybe the Ferengi's have taken over. B-P

I think societies can be measured by how well the weaker members are treated and between this, Terri Schindler and so on, we seem to be falling down on the job.

Yes, there are people who need to manage debt better and not always be let off scot free so I can see going after deadbeats, but I'm convinced that doesn't really happen as much as some people think.

No one brings up the fact that defaults on credit cards have always been simply included in the cost of doing business for credit card companies. They have always made lots of profits thus far, so why do they need to ruin the lives of an occasional deadbeat here or there? It doesn't make sense, unless they are expecting a massive default, in which case, they would really lose a lot of money, or that their greed had just got the better of them. Maybe both. Perhaps the day of reckoning is closer than we think.