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To: LindyBill who wrote (109360)	4/15/2005 9:19:24 AM
From: michael97123	Read Replies (2) \| Respond to of 793725

"It's not the liquor store's fault if you are a drunk and they sell you a bottle. Same with using credit you can't handle." Yes, they are or at least a bar is culpable in such a case. Banks are playing a game with the future of idiot young folks and others in this nation. The change in law gives the banks more clout. Libetarian rhetoric aside, there are folks out there who are victimized by what are clearly criminal scams all the time and when caught the folks who do this go to jail. Banks and your liquor store or bars are just a step away from doing that. Before money is doled out folks gettting it should be deemed credit worthy and banks credit rating should be at stake if they are playing fast and loose.

To: LindyBill who wrote (109360)	4/15/2005 10:37:55 AM
From: John Carragher	Read Replies (1) \| Respond to of 793725

my first impression was credit card applications.. this was covered in interviews.. it was open line of credit already established for these people. I expect getting any interest for a number of months more than pays the average outstanding bill that goes bad. Most people will try to pay off credit cards and bills and pay high interest for years. these people are not your money wise folks like si posters. g my law professor back in boston during 60's was first to sue a bar for his wife being killed by drunk driver. He won his case. i assume if package store sells liquor to someone already drunk and they get in an accident after leaving the store that store could be held liable.. esp if container is open.

To: LindyBill who wrote (109360)	4/15/2005 11:14:32 AM
From: Ilaine	Read Replies (1) \| Respond to of 793725

Little known secret: credit card companies are slavering to lend money to subprime borrowers after they are discharged from bankruptcy. They know that the borrowers are inveterate credit abusers. They know that the borrowers are too foolish to care that their interest rates will approach 30% (I kid you not.) And, most importantly, they know that the borrowers can't declare bankruptcy again for 6 years (under the old law)(8 years under the new law.) So, they're putting their fangs into them as fast as they can. Even though it's inevitable that the borrower will fall back into the trap of minimum payments, with 30% interest and various penalties, the borrower will NEVER quit paying. When Tony Soprano does it, he goes to jail. When Capitol One does it, it's a wonderful racket and completely legal. I have one client who paid off his credit cards completely in May 2003, and by November 2004, owed $80,000, yet all he charged was restaurants and groceries. He's old, mildly demented, and neglected to make his payments. It's horrifying. But legal.