nico1908 | Why am I not surprised?

"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." (Source here)

In other words: Let's bend over backwards to give the big rich guys their million dollar salaries and bonuses, but heaven forbid we provide any kind of relief to the working and/or middle class families who are inundated by credit card debt - because we all know that it's those people's own fault if they owe more than they can ever repay.

They're not in credit card debt because they lost their jobs or had to pay medical bills or repair their homes after natural disasters or haven't had a pay raise in years while the price of gas and food and everything else rose and rose and rose.

No! They are in debt because they lived beyond their means and bought those SUVs and playstations and cell phones and all that other stuff (i.e., because they helped line the pockets of the wealthy).

That's why we have to make an example of them. We'll keep forcing them to make at least minimum payments, and when we're getting nervous about those balances on our books, we sell said balances to collection agencies and let them have a go at the downtrodden for the bargain price of a penny per dollar they owe.

Great Christian nation this is indeed.