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[Truean]

More th'40k limit mention than anything else, heh. Not in ohio, so other than idle curiosity I don't terribly care (about the particulars, in this case, the legalese). Though I do mean 'don't terribly care' in the most, uh. Kind? Of ways. Something like that. Benevolent disinterest? Terrible respect for th'work involved (Law research possibly one of the few things more tedious than philosophy research, from what I understand ), but other than looking at it, th'stuff doesn't do much for me.

Anyway, [/offtopic] from me~

Thanks, it's nice to be appreciated. I also appreciate the resource. Actually I'd say it's sort of on topic in my opinion. I am of the firm belief that the system can be fixed with proper accounting and accountability. See, my above posts on the sadly valid issues raised by SalmonGod and Aquizzar.

Unfortunately, professionals with ethics are vastly outnumbered by those without them.

[Kogut]

The Return of Debtor's Prisons

WTF. SOPA, then this. America, stop it.

[Pnx]

So... the solution to America's lower classes being unable to pay debts, is to squeeze them harder?

Wouldn't you just wind up spending more money than you gain by squeezing them?

[sluissa]

That's... actually... a point... of the... article...

Of course, you could just add that cost on top of their debt. I mean, putting people deeper in debt when they can't pay in the first place is the right course of action.

[Frumple]

It actually makes perfect sense when you're looking for a source of penal slavery (excepting that it'd be cheaper to just hire people to do the work; no paying for room and board. No one said slavery was actually efficient.).

But yeah, it's always been one of those really weird rationals -- "You owe us money, and can't pay. So, uh, we're going to have you owe us more money that you can't pay. Because you need to be punished for not paying! Makes perfect sense."

I could see a freeze on buying power outside food/utilities/medical/maintenance, but increasing the debt? It doesn't logically follow that someone that can't pay will magically be able to pay when you increase the bill

Of course, you could just add that cost on top of their debt. I mean, putting people deeper in debt when they can't pay in the first place is the right course of action.

According to the article, they do add the cost in some cases. Genius, I tells ya'.

[Bdthemag]

Is it just me or are we slowly going back in time to the 1700's?

[sluissa]

Is it just me or are we slowly going back in time to the 1700's?

Hooray for indentured servitude. At least we'll eventually get to wear those neat tri-cornered hats again.

[Nadaka]

That's... actually... a point... of the... article...

Of course, you could just add that cost on top of their debt. I mean, putting people deeper in debt when they can't pay in the first place is the right course of action.

That is the point for the monthly $9.99 fee for having a low checking balance. And the $35 fee every time you go into negative balance or use an account at negative balance. And the $5 daily fee for having a negative balance.  And the $5 customer service fee for calling to figure out what the hell is going on. etc.

So yes, this seems perfectly normal these days.

Is it just me or are we slowly going back in time to the 1700's?

Yes. The plutocracy really wish they could get their noble titles and church sanctions back. Liberty will have been a brief 300 year experiment at best.

[mainiac]

That is the point for the monthly $9.99 fee for having a low checking balance. And the $35 fee every time you go into negative balance or use an account at negative balance. And the $5 daily fee for having a negative balance.  And the $5 customer service fee for calling to figure out what the hell is going on. etc.

Sounds like someone need to move their money to a credit union.

[sluissa]

That's... actually... a point... of the... article...

Of course, you could just add that cost on top of their debt. I mean, putting people deeper in debt when they can't pay in the first place is the right course of action.

That is the point for the monthly $9.99 fee for having a low checking balance. And the $35 fee every time you go into negative balance or use an account at negative balance. And the $5 daily fee for having a negative balance.  And the $5 customer service fee for calling to figure out what the hell is going on. etc.

So yes, this seems perfectly normal these days.

Is it just me or are we slowly going back in time to the 1700's?

Yes. The plutocracy really wish they could get their noble titles and church sanctions back. Liberty will have been a brief 300 year experiment at best.

Well, that's... at least in some viewed ways, beneficial to the bank... at some point. Putting someone in jail for having a negative balance... and then adding the cost of the jailing to the negative balance helps nobody at all... with the possible exception of whomever is running the prisons if they're not publicly controlled.

[SalmonGod]

Prisons are a major industry.

That's... actually... a point... of the... article...

Of course, you could just add that cost on top of their debt. I mean, putting people deeper in debt when they can't pay in the first place is the right course of action.

That is the point for the monthly $9.99 fee for having a low checking balance. And the $35 fee every time you go into negative balance or use an account at negative balance. And the $5 daily fee for having a negative balance.  And the $5 customer service fee for calling to figure out what the hell is going on. etc.

So yes, this seems perfectly normal these days.

I think we could take this much further, too.  I'll throw in that I've seen a major trend in employers having tons of really strict, nonsensical rules that they enforce selectively to keep their employees constantly on the verge of losing their jobs, so they feel more pressure to perform well.  My bosses seriously just make shit up.  Anything they don't like, they'll just hand out a warning for "this thing we don't like".

[sluissa]

Completely agree with that. Especially harsh on people who've got a lot of time invested in a retirement with companies. The closer you get to retirement, the more they push, the more strict they are, and odds are about even they'll find something they can get rid of you for before you reach full retirement age.

[Duuvian]

America: It's OK if corporations do it.

WASHINGTON (AP) — A senior executive at a technology company that makes monitoring software secretly installed on 141 million cellphones said Thursday that the FBI approached the company about using its technology but was rebuffed. The disclosure came one day after FBI Director Robert Mueller assured Congress that agents "neither sought nor obtained any information" from the company, Carrier IQ.

Hero of the average American goes to Trial.

WASHINGTON (Reuters) - An Army intelligence analyst suspected in the biggest leak of classified U.S. documents in history makes his first court appearance on Friday accused of multiple charges including aiding the enemy, which could bring life imprisonment.

Private First Class Bradley Manning, 23, is suspected of being the source of documents that last year eventually made their way to the WikiLeaks website. WikiLeaks divulged hundreds of thousands of sensitive diplomatic cables that exposed the candid views of U.S. officials and their allies.

[SalmonGod]

Cops caught bragging and joking about brutality and arrests on Facebook.

50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe

[Angle]

Soooo....

Down with Capitalism? Cause that's starting to look more and like the only answer.