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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (401036)	7/23/2008 2:20:56 PM
From: HPilot	Respond to of 1576592

Honestly, I also differ with most conservatives about the credit card companies, as well -- I believe they are scamming the system and taking advantage of people who can least afford it. I agree, to some extent. But the fact there is no colaterial and no guarantee they will be paid back by those who can't afford it should be somewhat self regulating, at least if the industry had any brains. Apparently it doesn't. What is promoting this is a government that won't let these stupid banks fail. The bankruptcy bill a few years ago was a travesty, in my view, as it was the only real "check and balance" against issuers taking advantage of people -- when the banks were exposed on the bankruptcy potential, they were motivated to be more judicious. Now there is no reason for them not to try to ensnare anyone they can. Though they have screwed up the bankruptcy proceedings, in the long run it won't help the banks. If you have no money, you have no money to pay back the bank.