That Bankrupt Blogosphere
Todd Zywicki answers the bloggers cum bankruptcy law experts:
I can’t see any reason why I or anyone else should have to pay higher interest rates or get worse service at the doctor’s office in order to preserve the “right” of some guy making $80,000 or $100,000 per year to walk away from debts that he could pay but does not want to. Yet that’s the way it is under current law. Those who are hurt the most are low-income and young borrowers who have the fewest credit options and can least afford to pay more for credit and goods because of the hidden “bankruptcy tax.” For all you critics out there — is there someplace where I can send you my part of the bill so that you can allow bankruptcy fraud and abuse to keep going unchecked?
Indeed. Looking on the bright side, this attempted blogstorm appears to have fallen largely on deaf ears. Or perhaps, better still, on “I’m not deaf, I’m ignoring you” ears.
March 18th, 2005 at 1:44 pm
More on Bankruptcy
Xrlq is on my side regarding bankruptcy reform. Of course, I do see that the practices of the banks could use some fine-tuning as well, but that can certainly be done separately. The thing I’d truly like to see is…
March 20th, 2005 at 4:37 pm
“For all you critics out there — is there someplace where I can send you my part of the bill so that you can allow bankruptcy fraud and abuse to keep going unchecked?”
What, you want your 10 bucks too?:
http://www.bizzyblog.com/?p=59
http://www.bizzyblog.com/?p=58
http://www.bizzyblog.com/?p=56
The bill will probably pass, but there are plenty of good reasons why it shouldn’t. The $10 calculation is at the end of post 58, and takes as a given the incredible level of fraud believed to exist by Zywicki.