Biden overstepped his authority and SC stopped loan forgiveness

[GMDino]

(07-01-2023, 12:34 PM)Luvnit2 Wrote: Poor comparison. The banks get screwed. The government does not pay the banks or those owed money in a bankruptcy.


Also individuals file for bankruptcy more than businesses, again government does not pay their creditors, they are just screwed.

https://usafacts.org/articles/bankruptcy-in-the-us-how-many-companies-file-for-chapter-7-chapter-11-and-chapter-13/

While high profile bankruptcies such as Bed Bath & Beyond or Toys ‘R’ Us make headlines, business bankruptcies are a small share of overall bankruptcies. In 2022 they were 3.4% of filings, compared to 96.6% filed by non-business entities, including individuals.

The gop changed the bankruptcy laws years ago to make it harder for individuals.

And when a business or a Trump files for bankruptcy it just screws the guys and gals expecting to get paid for their work while the corporation or the Trump keeps going along saying how rich they are.

We, the taxpayers, bail out banks ALL the time for their poor business models.  And the amount of those bailouts probably dwarfs the dollar amount of the individuals even if your percentage were correct.

And when regulations are passed to reign those io the right whines and complains and rolls them back as soon as they can until the next bank failure.

So, please, forgive me if I don't buy into your false equivalency.