Comments on: Middle-Class the New Face of Bankruptcy http://www.totalbankruptcy.com/blog/middle-class-the-new-face-of-bankruptcy/ Bankruptcy and financial news Sun, 12 Feb 2012 16:04:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Chris http://www.totalbankruptcy.com/blog/middle-class-the-new-face-of-bankruptcy/#comment-10748 Chris Sun, 29 Nov 2009 04:50:48 +0000 http://www.totalbankruptcy.com/blog/?p=2184#comment-10748 It's important to remember, though, that bankruptcy is different than being broke. http://en.wikipedia.org/wiki/Bankruptcy It’s important to remember, though, that bankruptcy is different than being broke.

http://en.wikipedia.org/wiki/Bankruptcy

]]> By: Sandra Kullmann http://www.totalbankruptcy.com/blog/middle-class-the-new-face-of-bankruptcy/#comment-9324 Sandra Kullmann Thu, 19 Nov 2009 23:13:02 +0000 http://www.totalbankruptcy.com/blog/?p=2184#comment-9324 It is my personal belief the the beginning of the loss of the middle class started with Regan. He supported free markets with only a superficial m odicum of accountability. Daddy Bush followed suit with legal benefits for the corporation with large tax benefits and loopholes for the corporation as "incentives". Clinton got caught up in the internet craze which no one wanted to stifel, but that allowed further loosening of restrictions and little to no accountability, and more incentives to start-up internet companies. THen comes Georgie Bush - backed completely bay the "Bush Corporation" who virtually eliminated ALL requirements for accountability, encouraged the huge increases in CEO pay and incentives, all the while allowing a philosophy to that in order to "keep" key people who are necessary to head up the large corporations, particularly banking/lending/investing corporations who now believe that they cannot survive unless they pay their CEO these ridiculous sums of money as incentive for them to stay with the company since, apparently the company could not survive without their expertise. And yes, these are the SAME CEOs who drove these companies into the ground, who failed at every step - BUT who also KNOW how to "earn" great sums of money for their companies because of their connections with the "pther" Good-ole-boyz at the other corporations world-wide. These same CEOs who couldn't even run a birthday party for a 6 yr. old, are so valuable that their contacts CANNOT be breached so that they can receive the amount they have REALLY earned? - NOTHING? Have you ever seen so may people FAIL and still be rewarded to the degree that these people are? And when it is time to put money into a failing system - caused by these same CEOs who were so greedy that they agreed to/approved the predatory lending tactics that have gotten us to where we are - in a financial system completely run by these incompetent, worthless people who large corporations swear they cannot live without. (unless you accept fraudulant practices as competency)Wall Street RUNS the country, NOT the federal government. All that the fed. govt. does is pour money into a large black hole of greed held onto and maintained by self-centered greedy dictators who play games with the numbers as they choose, spend money to service their own INDIVIDUAL needs and NOT the needs of the people of the country. - Why should they? They certainly don't have to. And all of their friends are the same way, so who cares if millions of people l ose their homes, their livlihoods and virtually everything they have. The guys at the top are doin great! Madoff just got caught. The others haven't yet. There is a dwindling to NO middle class. If we do not DO SOMETHING about supporting the middle class in lieu of Wall Street, there will be NO MIDDLE CLASS LEFT. But, so waht! It is my personal belief the the beginning of the loss of the middle class started with Regan. He supported free markets with only a superficial m odicum of accountability. Daddy Bush followed suit with legal benefits for the corporation with large tax benefits and loopholes for the corporation as “incentives”. Clinton got caught up in the internet craze which no one wanted to stifel, but that allowed further loosening of restrictions and little to no accountability, and more incentives to start-up internet companies.

THen comes Georgie Bush – backed completely bay the “Bush Corporation” who virtually eliminated ALL requirements for accountability, encouraged the huge increases in CEO pay and incentives, all the while allowing a philosophy to that in order to “keep” key people who are necessary to head up the large corporations, particularly banking/lending/investing corporations who now believe that they cannot survive unless they pay their CEO these ridiculous sums of money as incentive for them to stay with the company since, apparently the company could not survive without their expertise. And yes, these are the SAME CEOs who drove these companies into the ground, who failed at every step – BUT who also KNOW how to “earn” great sums of money for their companies because of their connections with the “pther” Good-ole-boyz at the other corporations world-wide. These same CEOs who couldn’t even run a birthday party for a 6 yr. old, are so valuable that their contacts CANNOT be breached so that they can receive the amount they have REALLY earned? – NOTHING? Have you ever seen so may people FAIL and still be rewarded to the degree that these people are? And when it is time to put money into a failing system – caused by these same CEOs who were so greedy that they agreed to/approved the predatory lending tactics that have gotten us to where we are – in a financial system completely run by these incompetent, worthless people who large corporations swear they cannot live without. (unless you accept fraudulant practices as competency)Wall Street RUNS the country, NOT the federal government. All that the fed. govt. does is pour money into a large black hole of greed held onto and maintained by self-centered greedy dictators who play games with the numbers as they choose, spend money to service their own INDIVIDUAL needs and NOT the needs of the people of the country. – Why should they? They certainly don’t have to. And all of their friends are the same way, so who cares if millions of people l ose their homes, their livlihoods and virtually everything they have. The guys at the top are doin great! Madoff just got caught. The others haven’t yet. There is a dwindling to NO middle class. If we do not DO SOMETHING about supporting the middle class in lieu of Wall Street, there will be NO MIDDLE CLASS LEFT. But, so waht!

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