Economy
Posted Oct 11, 2008 at 7:01 PM
Michael,
Johnson City,
Texas
While the Federal Government is bailing out individuals and banks that are unable to make sound financial decisions, let's make some laws governing how credit card companies and banks give credit cards to people they know are unable to pay off the debt they will create. Let's set banking standards to limit the credit any one person or couple can create to say 70% of their income. Something as simple as this will stop rampant bankruptcies and people living outside their income levels.
