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To: mishedlo who wrote (193164)	9/22/2002 1:39:49 PM
From: XBrit	Read Replies (1) \| Respond to of 436258

"Saint Peter don't you call me 'cause I can't go"

To: mishedlo who wrote (193164)	9/22/2002 3:03:49 PM
From: Oblomov	Read Replies (2) \| Respond to of 436258

Mike, I think that both the bank and the borrower have responsibility for ensuring that credit be extended prudently. But, why should discharge of a legitimate debt be easy or painless? The people that I know who have become overindebted have either 1)chosen to live beyond their means 2)chosen to take too many risks with their money 3)had unplanned expenses, such as from an extended severe illness The problem is that many Americans identify themselves as being consumers, rather than producers. They would rather consume than produce. In the case of #1 and #2, overindebtedness is the result of deliberate choices by individuals, whether or not they perceive them as such. (Also, I would say that the likelihood of #3 is precisely why one should budget savings) People who chronically blame others, whether it be credit card companies or "the company store", for their troubles, aren't likely to succeed no matter their circumstances. How many spendthrift lottery winners go bust within a few years' time? Was it the fault of the lottery that they spent too much and went bankrupt? Maybe my views seem insufficiently compassionate. This is not intentional. I was raised in a family that was successful, saved, and maintained a "depression mentality" regarding money. This said, I do not know the details of this bill, and so I can't comment on it.

To: mishedlo who wrote (193164)	9/22/2002 6:13:21 PM
From: BDR	Read Replies (2) \| Respond to of 436258

Rant in response to Bankruptcy Rant- The appropriately named Bankruptcy Abuse Reform Act has not yet come for a vote the last time I checked and it may not in this Congressional session, so you can save your hyperventilation for another time. As an individual and small business owner I have been stiffed many times by people who live beyond their means or just plain fail to plan ahead and then duck responsibilities by filing. It's like shoplifting. The cost just gets borne by the rest of us. Unless credit card companies and loan companies are holding a gun to their heads to sign on for more debt, these people are responsible in most cases for their own circumstances.