$275 Billion Stimulus Plan — Comment
A reader offers this vital point:
“Candy — as to your objection to giving federal bankruptcy judges jurisdiction and discretion to reform loan terms, they used to have the ability to coax lenders and borrowers and it worked well. They were stripped of that right in the “Reform” act of 2005. Drop the bankers’ talking points. Do some research.”
My concern: balance billing. In health care, for example, one of the main reasons why private health care insurance costs sky rocketed is that, as providers and hospitals kept on treating patients without coverage for free, they passed this “lost revenue” onto those with coverage by raising fees, which got us to where we pay a fortune now for less care. It was just a thought and a concern, but if you think this is going to work, well, here we go.
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I enjoy your discussion forum. Thanks for not calling it a blog.
I love the snarky attitude in presenting loads of topical, timely and fresh content.
Nice work.
Candy:
I feel like a star…..first time a comment has generated it’s own post.
Your analogy, although clever and interesting, doesn’t apply. First, doctor’s are professionally, ethically and morally required to treat the patient first, and worry about the cost second. Mortgage bankers and bankruptcy judges are not. I feel comfortable, as does my banker brother, that the rule of law, good judicial judgment and discretion will rule the day.