Debtor's Prisons!
First Prev
of 8
Next Last

“Texas Rocks!!”

Since: Mar 07

Texas

#158 Apr 21, 2009
not a double post a correction, ingnorance to ignorance ..rush rush
Johnny

Cleveland, TN

#159 Apr 21, 2009
Curtis Lowe wrote:
<quoted text>
You know I am right. Western Civilization depends on contractual law. If both parties signed a legal contract, then the contract never, NEVER, needs to be restructured. Either pay, or go to prison. No more bankruptcy, no more welfare, no more free passes. Go to jail, go directly to jail, do not pass go, do not collect 200 dollars.
yes, contracts have been signed, but I wonder how many contracts had a prison sentence clause, in event of default. I would guess none, as personally I have never seen such in any credit application or agreement.

Now if congress whats to pass a law to allwo for prison time in event of default, and a person signs the contract, knowing if they don't pay they will face jail, then more power to them, but even then, you couldn't grandfather in all current or past agreements, as most people would never sign a credit document that promises jail time in event of default. I know I never would.
Curtis Lowe

Montgomery, AL

#160 Apr 21, 2009
Johnny wrote:
<quoted text>
yes, contracts have been signed, but I wonder how many contracts had a prison sentence clause, in event of default. I would guess none, as personally I have never seen such in any credit application or agreement.
Now if congress whats to pass a law to allwo for prison time in event of default, and a person signs the contract, knowing if they don't pay they will face jail, then more power to them, but even then, you couldn't grandfather in all current or past agreements, as most people would never sign a credit document that promises jail time in event of default. I know I never would.
If people will not police themselves, then the law has to. Debtor's Prisons Now to Save America!
Johnny

Cleveland, TN

#161 Apr 22, 2009
Curtis Lowe wrote:
<quoted text>
If people will not police themselves, then the law has to. Debtor's Prisons Now to Save America!
How about prison time for every stock broker whose clients lost all of the money in the market?

I guess it's all the debtors fault, eh? The CEO of Freddie Mac killed himself yesterday. DO you think maybe something was on his mind? If the banks would actually check credit, income and not loan money to someone who cannot aford to pay it back, they would not be n the shape they are in. Anyone should know someone making $20k a year with a family and a car loan or two cannot afford a $200k home, no matter what they do.
Curtis Lowe

Montgomery, AL

#162 Nov 1, 2010
Johnny wrote:
<quoted text>
How about prison time for every stock broker whose clients lost all of the money in the market?
I guess it's all the debtors fault, eh? The CEO of Freddie Mac killed himself yesterday. DO you think maybe something was on his mind? If the banks would actually check credit, income and not loan money to someone who cannot aford to pay it back, they would not be n the shape they are in. Anyone should know someone making $20k a year with a family and a car loan or two cannot afford a $200k home, no matter what they do.
I agree. Stop loaning money to deadbeats. 20% down on all mortgages.

Since: Oct 10

Hinsdale, IL

#163 Nov 1, 2010
Curtis Lowe wrote:
<quoted text>
My position is clear and cogent. It is an individual responsibility to ensure personal finances are sufficient to meet obligations. If one cannot meet their obligations, they deserve to be incarcerated.
i agree. a b**ch in our office borrowed money from me and others. she does not pay me on time the installment payments. sometimes she pay me after almost a year. i have to show her that i get mad already before she pays me. she deserves a jail time even if she pays me everything. i feel as if being tortured for not being paid on time.
WisedUp

Elmhurst, NY

#164 Nov 1, 2010
Eric wrote:
I have never figured out how one is supposed to get out of debt while in prison.
In the current age, it would be hard. Debtors prisons hark back to an earlier era (19th Century - read Dickens) when it was socially regarded as a horrible humiliation to have a family member in debtors prison. Thus there were powerful incentives for close relatives to pay off the debt and get the family member out of prison. Those days are past and gone.
Curtis Lowe

San Antonio, TX

#166 Jul 29, 2012
They did not listen they did not know how. Perhaps they'll listen now.

“Texas Rocks!!”

Since: Mar 07

Texas

#167 Oct 10, 2012
Curtis Lowe wrote:
They did not listen they did not know how. Perhaps they'll listen now.
howdy

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 8
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Top Stories Discussions

Title Updated Last By Comments
Prove there's a god. (Mar '08) 1 min Stilgar Fifrawi 877,355
Jehovah's Witnesses are true disciple of Jesus ... (Mar '07) 7 min curtjester1 41,122
No one should blaspheme Prophet Mohammad, peace... (Feb '15) 10 min Philo 991
Bush is a hero (Sep '07) 10 min USaWORLDWARMONGERER 177,838
Poll Why are Americans becoming so stupid? (Jun '08) 16 min Doctor REALITY 146
Why do we live life when we have to die anyway? (Jul '13) 23 min Sahil rathi 204
ye olde village pub (Jun '07) 48 min Ruby88 53,486
News Roman Catholic church only true church, says Va... (Jul '07) 1 hr karl44 603,093
Poll If you're Christain what kind are you? (Oct '07) 2 hr karl44 7,890
Which is the Oldest Indian Language? Sanskrit V... (Jul '08) 4 hr Kamal 7,610
The Christian Atheist debate 6 hr Critical Eye 3,775
More from around the web