[x] User Info
Welcome Anonymous

Nickname
Password
Security CodeSecurity Code
Type Code

[x] Main Menu

Q&A Instructions

1. Copy-n-paste what your question is about from the Member's forum, someones Yes/No forum, or any Member Q&A Dialogue into Question & Answer Dialogue forum; then hit New Topic button and paste your copy in the New Topic box.

2. Put members nicl-(x) number, e.g. nicl-1 or Yes/No persons name in Subject rectangle followed by the subject of question. For a long question, add more at top of Topic box.

3. Remember you take turns, checking an "I agree" or a "this is my last response" ends your part in the dialogue, and the other person gets the last word.

4. Finally, read and reread the Q&A procedures. They are meant to treat both sides of a Dialogue impartially.

Finally, to open another popup, close the old one.


Why restore Bankqruptcy Laws back to pre 2006 form in USA
Post new topic   Reply to topic   Printer Friendly Page    Forum Index Politics

Author Message
Dan
Site Admin


Joined: Dec 31, 1969
Posts: 314
Location: USA

PostPost subject: Why restore Bankqruptcy Laws back to pre 2006 form in USA
Posted: Mon Nov 10, 2008 4:46 pm

It is no accident that 'forgiving debts' every seven years is found in the bible. Lenders like earning interest without physical work, and borrowers like spending investing the money.

The problem is that both borrowers and lenders over estimate the borrowers ability to pay the money back.

The result of non-repayable debts is that borrowers wind up in a form of Debtors Prison without the ability to go bankrupt, and lenders wind up with many fewer people to loan to. The effect on the general economy is catastrophic as future growth can not occur. The borrower can not get a fresh start, and the lenders become like 'Shylocks'.

It is not an accident that a big percentage of successful businesses are started by former bankrupts. Their founders needed the lessons taught by bankruptcy.

But it is the discipline upon lenders of bankruptcy that is most important. They had the money last, without a real bankruptcy law, lenders become much less careful to whom they lend their money to.

Our lenders money is in a real sense our money, our savings. A banker is lending OPM, "other peoples money", so just like opium clouds your judgment of consequences, when the ability of borrowers to go bankrupt is restricted, bankers start ignoring the ability of the borrower to repay.

One major cause of the 2006 so called bankruptcy reform that restricted bankruptcy, is the present financial mess we now see ourselves in.

Contact your elected representative now and demand a return to the former bankruptcy law. Make sure there are no exemptions for some rich peoples assets.

Upon the return or real bankruptcy, then the borrowers start over and many start new businesses or can now buy houses etc; and above all, the lender learns to be more careful in the future. The result, our economy can begin to grow again.

_________________
"I swear to speak honestly and seek the truth when I use the No 1st Cost List public record."
Back to top
View user's profile Visit poster's website
Dan
Site Admin


Joined: Dec 31, 1969
Posts: 314
Location: USA

PostPost subject: CEOS of Automakers begging with no plan
Posted: Fri Nov 21, 2008 5:14 pm

The sight of the CEOs of our big three automakers testifying, begging for money, and not having a plan for investing it is amazing.

They fly in on three separate private jets.

No "We will sell our private jets and use conference software, or fly commercial."

No "We will take 80% pay cuts."

No "We will eliminate 12 of their 14 layers of executives."

No "We need single payer universal health care to get Health Care costs off our backs and every other businesses back."

No "We have a plan to convert all our cars to flex fuels starting immediately. Cost well under $500 a car when done at factory. Could be done in less than a year = now."

No by GM, "We will bring back electric car we built and then bought back, despite enormous demand."

In short, they only think about their personal gain. They are completely blind to the needs of their company, workers, or their country. True members of a Three Monkey Society leadership. They personify blind personal greed and ambition.

We need a complete reform of "business bankruptcy' laws now.
Workers and American ownership must come first.

_________________
"I swear to speak honestly and seek the truth when I use the No 1st Cost List public record."
Back to top
View user's profile Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic   Printer Friendly Page    Forum Index Politics
Page 1 of 1
All times are GMT



Jump to:  


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Seeing Ourselves [x]

Forums Last posts [x]

Latest Articles [x]

Disconnect Links [x]
This URL is for those of you who deny the E-Ts existence.

Disclosure Project has 500 govt witnesses who swore before Congress to their direct E-T contacts.

This climate url speaks to how corrupt much of our scientific establishment has become.

Why rising CO2 levels Can NOT cause global warming.

Cimate Fraud Whistleblower Rewards Program

Why is handling the massive scientific disagreement with the AGW(Anthropogenic Global Warming = (man caused) proponents crucial to disconnecting Earth's Anti-Matter debt?

Our leaders and thus most of you will not seek the truth about our real place in the universe. Why is explained by ignorance and self service. Until our society openly deals with this easy to resolve scientific disagreement, I must conclude we will not act to prevent Earth from being vaporized.

These links deal directly with How to Prevent our Sun from exploding.

How do we prevent our Sun from exploding July 16, 2024?

9-21-12 How to find the 2 conjunction asteroids in the "Missing Earth" crop circle?


This math is required.
How to use a circle to relate 'e' to Phi.


Confirming objective reports.
National UFO Reporting Center

Crop Circle Connector


2-4-2017 Needed A-M debt Disconnection Tools, Measurements & Must Do's

HOW can we get these tests DONE?

Contact Congress

The Latest Changes Made To Site




Visitors [x]
We have received
7221606
page views since
April 27, 2005


COPYRIGHT 2005 No 1st Cost List, Patent# 8566730 issued 10/22/2013
The logos and trademarks used on this site are the property of their respective owners.
We are not responsible for any information and comments posted by our users, as they are the property of the poster.
Unless you charge above actual copying expense, you may read, copy, reprint, incorporate or pass on to others in any form the material put on the
No 1st Cost List public record for public and private benefit.
When charging above actual copying expenses, except for accepted 'fair use', you must arrange terms of compensation with the author(s).
Interactive software released under GNU GPL, Code Credits, Privacy Policy
includes/cmsinit.inc