black dog asked:


Only poor person files bankruptcy. And only large banks and credit card companies (which are rich) oppose bankruptcy. Whether a person is financially responsible or financially irresponsible, the government has NO business telling citizens how to spend. This is free country. We don’t want government interference in our lives. Republicans don’t preach their own mantra. This bankruptcy crackdown interferes into the lives of the lowest man of the ladder. Furthermore these bankruptcy laws don’t prevent people from filing bankruptcy. The bankruptcy lawyer industry is equally very large and they have all figured out numerous ways to get around tighter 2005 laws, which in effect defeated Bush efforts to make it harder. This is evident by the fact that 1.5 million filed chapter 7 last year, compared to less than a million prior to 2005 laws.
billysab: reported for violation and you will get email violation notice.
Also how can the government teach the citizens to spend responsibly when the government itself is a reckless spender? this puts GOP as hypocrites
Will: why should the government interfere and tell us how to live our lives? I thought that’s GOP slogan?
beltway 8: Lehmann brother was chapter 11. I meant to say only a poor files chapter 7.
if you’re filing bankruptcy you are poor. why else would you file it? You don’t have money to pay the bill — that technically makes you poor. FAIL
stratam: see above my comment for beltway 8. Lehmann brother was chapter 11. I meant to say only a poor files chapter 7. The bankruptcy laws cracked down on chapter 7, not chapter 11
did lehmann file chapter 7? who files chapter 7? ordinary people like me and you! that’s what the law targeted. Poor people file chapter 7.
TOP DOG: yes, what happened to personal responsibility? Government itself being financially reckless is giving financial advise to the common citizen?
beltway and strat: FAIL. You never followed up to my additional details. Post and run

file bankruptcy free

Won’t get fooled again. asked:


Republicans favor allowing the sale of health insurance across state lines. This denies each state the right to regulate that insurance. The insurance companies would set up shop in the state with the weakest regulation of health insurance, just like the credit card companies did when the Federal government decided that only they regulated credit cards. Do Republicans really favor states rights, or only in those issues they approve of?
Credit cards are regulated by the Federal Comptroller of the Currency and the state they are based in. That is why your credit card is issued by a company in North Dakota or Delaware, the states with very little regulation of credit cards.

Right now, a health insurance policy sold in New York must conform to N.Y. State regulations. The Republican proposal is to create a Federal mandate stating that a policy from say Arkansas, could be sold in NY as long as it followed the Arkansas regulations, thus depriving NY of its states right to regulate insurance.

credit card insurance

truthwillnotbesilenced asked:


Remember the ‘redlining’ scandal? This turned out to be total BS - white people living in Roxbury also paid higher interest rates than black people living in Wellesley for loans of the same size and with similar credit scores - - - the difference was that the collateral was higher risk. Mortgages are secured loans - they’re so low-interest to start with, and they sell for only a few bps discount in the secondary market, precisely because they’re secured.

A new report shows different rates for auto loans…. But does that necessarily imply racism? A lot of poor / high crime neighborhoods happen to be largely minority neighborhoods. The car is more likely to be damaged or stolen - same reason the insurance rates are higher.

Consider also that in both cases, most applications are done over the phone with a written follow up - - - the loan officer never sees you - in fact he or she usually actually talks to the car dealer, not you.

This sounds like another fake scandal.
Kermit I completely sympathize and empathize with you, I’ve had similar problems with medical insurance - you change jobs and thus health insurers and the hospital or pediatrician just keeps billing the wrong insurance company and then tell you you have to pay the bill - the $8/hr receptionists are just too lazy to change the info in their system even though you repeat it to them 6 times.

But that doesn’t mean that if minorities are on average paying 25 bps more for mortgages that the banks are ****** - if the mortgages are secured by property in higher-crime / volatile housing value neighborhoods then secured loans will be priced higher.
No Shrink, you’re wrong, it’s a secured loan, the collateral value and risk is a valid concern - sometimes the most important concern - and it’s not at all illegal to consider it.

secured loan