Quote:
Originally posted by bb80sc
Morality lessons? Maybe we should refer to it as being responsible. So, if I go out, rack up a million bucks in debt, I should just file for bankrupcy and pass along the associated costs to my fellow consumers?
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Do you want free enterprise and capitalism or don't you? I love how the right wing argues in favor of more aggressive bankruptcy laws (protective to lenders) in one breath while characterizing themselves as the epitomy of capitalism in the next.
Nobody's putting a legislative gun to a lender's head to make him loan money on imprudent risk parameters. Why put legislative guns to the heads of the borrowers because of the lender's stupidity? Lenders only get "crazy" out of competition with each other.
So be it!!!! Let the stupid lenders go bust for being too slack - the rightwing always argues for survival of the fittest, here's jungle law in action. Let Darwinian capitalism prevail, don't muck with well evolved social policy to insulate sloppy business people from themselves.