Why did republicans crackdown on people who filed bankruptcy in 2005?

Why did republicans crackdown on people who filed bankruptcy in 2005?

Postby albanwr26 » Sat Apr 09, 2011 3:38 am

in 2005 republicans made bankruptcy laws much tighter. Despite it, I still successfully filed chapter 7 protection last year and wiped out $100000 insecure debt. The reason for cracking down on bankruptcy filers in 2005 by repubs were as follows -- "people should be financially responsible". As if the government is very financially responsible? How can government tell people to be financially responsible when they themselves are reckless spenders like bailout, iraq war spending, etc etc? That's being so hypocrite. Also republicans now say, "its not government's job to tell people how to live". Again they defy their own advice. And most of all, its not person's fault he goes into bankruptcy. The recession caused millions to become bankrupt, when they lost jobs. And in such situation Bush/Cheney led government tried to choke and hurt these people by making it harder for them to file chapter 7? Then why didn't they let corporations file chapter 11 instead of being bailed out? Hypocrite republicans. Also shows republicans are only for the rich and not poor. This proves it.
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Why did republicans crackdown on people who filed bankruptcy in 2005?

Postby nann » Sat Apr 09, 2011 3:39 am

The banks and credit card companies wanted a new bankruptcy law in order to better protect their interests. The Republicans represent those interests. That is the short but honest answer.
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Why did republicans crackdown on people who filed bankruptcy in 2005?

Postby giulio » Sat Apr 09, 2011 3:43 am

Your supporting facts are what considering the fact that Democrats like Barney Frank pressured makes to give out high risk loans to people who should not have been home owners. Democrats are the ones who forced banks to move away from requiring people to put down 20% when buying a home.

No Republican forced millions of people to buy homes, cars, and other things outside of their means leading them to the point where they need to file bankruptcy.

Try again.
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Why did republicans crackdown on people who filed bankruptcy in 2005?

Postby bocley » Sat Apr 09, 2011 3:44 am

Bankruptcy is immoral and needs to be eliminated. Why should you be rewarded for your bad choices? It's about time you grow up and face the consequences of your actions.
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Why did republicans crackdown on people who filed bankruptcy in 2005?

Postby devon » Sat Apr 09, 2011 3:46 am

because conservatives believe if you play you pay!!!
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Why did republicans crackdown on people who filed bankruptcy in 2005?

Postby adin55 » Sat Apr 09, 2011 3:55 am

Where did you copy and paste this from? And why are we talking about 2005?
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