Non-Ownership Thread: Who Cares Edition
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02-13-2013, 02:58 PM
Who is PKP???
Join Date: Nov 2010
Originally Posted by
Bring back debtor's prison. Say, one day per $100K owed. You walk away from your home mortgage that you should have suspected you might not be able to afford? That's cool, just spend a weekend in the slammer. Your bankruptcy is responsible for screwing taxpayers out of $100M? Fine, but that's 3 years in the sin bin while you feel shame. (this is all tongue in cheek, of course, mostly)
I know you were mostly kidding but the banks didn't feel a thing in that debacle. Where would the bank offenders have to go in that situation? That is the main reason debt prisons don't exist, it's because it's hard to pin down where the bad decision resulting in bad debt had taken place. The bank approved these people in the first place.
The banks were bailed out on taxpayers' money on their bad decisions. That would be an awful lot of bank employees in those prisons
Ok, sorry, back on topic.
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