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Entry: Faith-Based Economy Link: http://www.takimag.com/blogs/article/faith_based_economy#20645 Post contents: MZForest sed: "Having gotten spectacularly wealthy by overcompensating themselves and irresponsibly exhausting their capital, they did what any red blooded American would do and declared bankruptcy, leaving someone else to pick up the pieces while they enjoyed their estates." Yes, I agree. But it's also important to remember that it was another triumph of the Republican Congress was bankruptcy "reform", which made it impossible for middle class and working class folks to declare bankruptcy for credit card debt, but made it easier for corporations, CEOs and Wall Street speculators to dump the results of their mismanagement on the public, and walk off with enough money to live for the rest of their lives in aristocratic splendor while people who actually work for a living are struggling to pay off their medical bills. Sent at: 2008 07 08