The Credit Card Companies Were Right
OK, I was wrong about this bankruptcy bill that was dictated by the banking and credit industries. When the credit card johns came around waving millions of dollars, and their Congressional Harem (formerly known as senators and representatives) duly bent over and spread their cheeks, I was skeptical.
But now I realize they were right; there are some absolutely immoral, useless, blight-on-the-gene-pool deadbeats out there. And this new bankruptcy bill is exactly what we need to crack down on these lowlifes.
This is just too sleazy and underhanded for words. Who could imagine United Airlines actually being shameless and slippery enough to try declaring bankruptcy in order to get out of paying for their employees’ pensions. Every time you think our Feudal Lords couldn’t possibly sink any lower, some corporate sleazebag comes along and sinks even lower.
I’m sure this is exactly what the banking and credit industries had in mind when they pushed for this bankruptcy bill. Thanks to this new law, United Airlines employees will be able to keep their pensions after all. The top executives of United Airlines thought they could wriggle out of their responsibilities, but the banking industry has put them in their place. Nice try, Dickheads!
Again, I feel really guilty about all the names I’ve called the banking and credit industries in earlier posts. On behalf of all the grateful United Airlines employees, I think we should all……uhh……hm……wait, this can’t be right……What?!? The bankruptcy bill doesn’t apply in this case??!!??? But…
OK, this, this doesn’t make any sense. So they’re saying, uh, let me get this straight now…a family (or single person) cannot declare bankruptcy — no ifs, ands or buts. You lost your job? Too bad. You’re a victim of identity theft? Get over it. Staggering medical bills? Get a grip.
Oh, you’re a CEO with a 7-figure salary and you don’t want to sacrifice any of it for your lowly workforce? Awww, we understand. Now dry your eyes; everything’s gonna be just fine. You can declare bankruptcy and still go on about your business, and you don’t have to spend any more money on pensions for that sniveling workforce. Fuck ‘em if they can’t take a joke.
posted by Tom Harper @ 3:38 PM
10 Comments:
Jeebus. Somethin' tells me we're gonna have fighting in the streets one of these days. Howcome water doesn't flow down anymore?
Damn right BK its just a matter of time. Great site---we'll be back mandt
Brother Kenya: Yeah, it could come to fighting in the streets. Or some aristocrats being sent to the guillotine.
Mandt: Thanks.
Steve: I hate to disappoint you, but this post was tongue-in-cheek. I might have been in favor of this bankruptcy bill if it was totally across the board.
My post was pointing out the contrast between families who get no slack at all, and multibillion dollar corporations that can declare bankruptcy just to get out of paying for employee pensions, and then continue on about their business as if nothing happened.
Socialism for the rich, as practiced by a Stalinist. And the faithful flock don't seem to remember what happened to the first batch of Stalinists when Stalin no longer had need of them.
Get with the program, or expose yourself as the America-hater you are!
Jolly Roger: Yeah, I think the shit's gonna hit the fan when the Bible Brigade discovers that Bush and Rove were just using them. If they ever figure it out.
Note to Steve: Personal responsibility has nothing whatsoever to do with the egregious behavior of corporate America. A pilot of 31 years with the same company has already proven his value of dedication and responsibility but who cares about him, right? He was probably the reason the UAL HAD to declare bankruptcy. It couldn't have anything to do with poor management from the bastards at the top of the ladder, now could it.
It's sad, Steve, when people stand up for the corporate bastards instead of the rank and file who make it all possible. Let's see what you say when it's your turn to join the ranks of screwed over employees. Let's hope you have no life threatening medical emergency in your future, unless of course, you were born wealthy!
Ken: Excellent answer. Thanks.
OK Democrat: This is definitely a classic example of Corporate Communism. A company makes hundreds of millions of dollars, keeps all the profits, and when their money gets tight they can breach all their contracts and the taxpayers will bail them out. Nice work if you can get it.
Steve: Yes, medical emergencies are sometimes related to credit card debt. It's not likely to happen to you at your young age, but for older people this is fairly common. The emergency room takes you in (like you said, they aren't gonna just let you die) and later your insurance company decides their policy doesn't cover it. Then the hospital comes after you. If bankruptcy isn't an option, there goes your house.
Or a combination of things: a layoff plus medical expenses that aren't covered by insurance; also identity theft (which is exacerbated by the banks and credit companies trying to lure every man, woman and child with special offers and instant credit).
There definitely are some deadbeats and sleazy people who try to get something for nothing, and know how to work the system; but a massive crackdown like this takes a lot of innocent people too. This law was written by and for the banks and credit card companies.
Some bankruptcy filing stats for Steve:
Average age: 38;
44% of filers are couples;
30% are women filing alone;
26% are men filing alone;
Slightly better educated than the general population;
Two out of three have lost a job;
Half have experienced a serious health problem;
******Fewer than 9% have not suffered a job loss, medical event or divorce;****
Highest bankruptcy rates: Tennessee, Utah, Georgia, Alabama.
So Steve, as for your "Do you think that more responsible or irresponsible people will be affected? I would hope it's the latter.", you're DEAD WRONG.
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