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Strategies & Market Trends : John Pitera's Market Laboratory
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To: MulhollandDrive who wrote (3525)3/22/2001 11:54:03 AM
From: Yorikke  Read Replies (1) of 33421
 
The law as it exists is not as loose as the banks and finance institutions have led people to believe. My feeling is that they are the first to understand the implications of 'free' credit and have moved to close down the avenues of escape. Call me a socialist...or worse....but providing excess credit to the credit questionable and then nailing them when they prove unable to handle it smacks a lot of slavery, or indentured servitude. If we moved to raise the risk, and not lower it, then we might see a bit more financial restraint on the part of the lenders.

I think it was Jeeter who penned the concept of a society where people couldn't 'die' until they had paid off the running debt. Death itself becoming a kind of heaven, a place of welcomed respite, where one was allowed when the bills were finally paid.
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