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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Whist who wrote (258738)5/26/2002 10:59:48 PM
From: Raymond Duray  Read Replies (1) | Respond to of 769667
 
flapjack,

Thanks for pointing out the financial data on Sears. I guess we might as well brace for the new draconian bankruptcy laws, the ones that make sure people who get into trouble with too much credit card debt can never expunge the debt, even after declaring bankruptcy. What is proposed is the modern form of indentured servitude and slavery. Only dressed up in euphemisms so Joe and Jane Six Pack don't know what hit'm.



To: Mr. Whist who wrote (258738)5/27/2002 12:03:37 AM
From: MSI  Read Replies (1) | Respond to of 769667
 
That's the overall business and government trend of "screw the weak". Maybe it's just me, but it seems for some reason, there seems to be less moral obligation than ever for honesty, disclosure and fair play and more towards secrecy and deception.

The attitude is "if you can get away with it, do it!"

Increasingly complex laws and trade arrangements makes it profitable to deliberately obfuscate terms to capture the unwary. There is no penalty for doing so, even if it amounts to fraud or coercion.

Predatory lenders rob uninformed homeowners of their equity at usurious rates, phone card companies give you $2 for the first minute phone cards while claiming 20 cents. Even mainstream MCI lies about its rates, which came out to 15 cents/min. instead of 5 cents, until I took the matter up to chain of complaints, which took, of course, nearly an hour on the speakerphone while, fortunately, doing other work.

Prey on the weak and uninformed, and those unable to have the time to persue justice. That's the policy. It's called, "free enterprise", but is deliberately the opposite.

The government has an obligation to maintain integrity and avoid misleading information about commercial contracts, in the Information Age especially.