Feds nix credit card debt forgiveness plan

There are 3 comments on the Nov 12, 2008, The Santa Fe New Mexican story titled Feds nix credit card debt forgiveness plan. In it, The Santa Fe New Mexican reports that:

WASHINGTON a ' Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.

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Chris Mechels

United States

#1 Nov 13, 2008
This looks a bit too much like it would benefit the financial interests, not the credit card holders.
Damon

Los Alamos, NM

#2 Nov 13, 2008
""The timely identification, reporting and management of credit losses, along with adequate loan-loss reserves and capital levels, provide the public with ... confidence" in the banking system, Long wrote."
Who is this "public" that has confidence in the banking system?
Billie

London, UK

#3 Mar 26, 2014
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