Do you think the new financial reform legislation is someone to assist any financial responsibility?

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News Yahoo announced today that “The days of” liar loans “are now officially over.” However, if the loan officer made more revenue then just made the loan, it becomes really responsible? I can give you many examples of people I know who are in debt and no financial responsibility überhaupt.Wenn dollars U.S. you instead of before them and said, read the conditions. These people take this dollar and not even think that the road is costing them hinunter.Es many incidents I personally know that there is no way to help people, because the lack of responsibility for themselves is another example sorgen.Hier . I know a man who was in a car accident and complained of having a large colony and the first thing he did was money on a new luxury car and a new boat. With in one year he was broke again, is now the hospital where he was treated for his injuries because he pursued it does not pay the bill. It is over 6 months behind his mortgage. It would be fair to friends (like me) who helped him when he had to borrow money from him (without interest) to pay to make their mortgage payments. None of us back. Now he is trying to complain are spielen.Es Travel (up to about the prophesied in Congress) a lot of good points of this law so that we do not really know what the final product is proposed. But for the most part, we try again to you idiots themselves schützen . Glauben all, this kind of behavior change?

6 Comments
  1. Reply
    Paul Grass®™℠
    February 15, 2011 at 10:25 pm

    I think the bill protects the irresponsible and encourages it

  2. Reply
    g
    February 15, 2011 at 11:19 pm

    I don’t know about “change their responsibility” but it could lower the debt they have access to…

    which OF COURSE is better on society, since it leaves less for all the rest of us to make up when they default on it…

    debt just doesn’t disappear… someone has to pay those bills…

    the simple fact is… there will ALWAYS be people like this out there… we can protect ourselves from them… or we can just let them borrow us into more debt..

  3. Reply
    Chief Inspector Clouseau
    February 16, 2011 at 12:18 am

    No. We don’t need to give people enough rope to hang themselves with. People need to be protected from themselves and from people who seek to exploit them. They may not be the smartest people in the world, but they are still human and there should be minimum standards of ethics and behavior. The strong do not have a right to prey on the weak. It’s not our job to make sure the supply of suckers stays full.

  4. Reply
    Jerry B
    February 16, 2011 at 12:51 am

    I wish I did not but I know many people just like this too. No matter what you do for them they will spend the money and come back for more.

    Say that is what welfare is all about too.

    As for the bill, I want to see the final version before passing judgment on it. Even though I still have no faith in Pelosi.

    Jerry

  5. Reply
    Peace through blinding force
    February 16, 2011 at 1:07 am

    There’s nothing in the bill that so much as addresses that.
    Lenders STILL have Democrat-demanded neighborhood-quotas that CANNOT be met while using responsible lending practices.
    The principle effects of this legislation WILL BE to reduce available credit and slow-down the economy (even more, yes) while giving Dear Reader power to nationalize anything he wants with no need even to try to justify it.

  6. Reply
    Jerry
    February 16, 2011 at 1:57 am

    Dead beats are an always will be around nothing will change them.More regulation will only increase fees and cut service to the paying customers.If the went back to sound banking practices of the 50’s things would be ok but that all changed starting with the great society programs of LBJ.

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