Monday, March 31, 2014

ANOTHER EXAMPLE OF HOW THE GAME IS RIGGED ... OUR NATIONAL BANKRUPTCY & BAILOUT HYPOCRISY

I posted on this topic last year. But it deserves re-posting ...

Here's one issue that should help us all understand how the system is rigged


Millionaires and billionaires, including people like Donald Trump, have used bankruptcy.

Municipalities can file for bankruptcy protection, and then go after city and union pensions.

Wall Street can wreck the economy and get the U.S. Congress to provide special exemptions and trillions in bailout funds.

But 37 million formers students - many of whom had to incur more debt because wages have stagnated while tuition skyrocketed - have to drown in student loan debt. Why? Because they can neither discharge their debts in bankruptcy proceedings, nor become eligible for bailout cash.


Just another example of how the game is rigged.

- Mark

No comments: