I can't believe I read this:
A million homeless with no tangible assets, most jobs in the area gone and
most financial information gone or irrelevant. Consider also that there are
potentially about 500,000 bankruptcies. What to do with those folks?
Build more prisons for those debtors? Foreclose on their houses? What
houses? Garnish their wages? What wages?
It could be nice to see some of those arrogant banking and credit card execs
and employees have to suck it up for awhile. If collection costs go up and
there are no collections, then salaries might go down and credit jobs might
disappear.
There might be a silver lining in this after all. Could Katrina be God's
way of sticking it to the "money changers" who lobbied and received those
tough new restrictions on debtors in need of bankruptcy protections?
Who did you vote for last election? The chickens have come home to roost!
04 September, 2005
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