How will the Bankruptcy Bill affect Katrina victims?

[TWiley]

As many people in the Gulf did not have flood insurance, how will the new "bankruptcy bill" affect survivors?

[OldLeftieLawyer]

1. Easy

It's going to screw everyone.

And, when that's over, the new credit card minimum payments will further screw people.

And, after that shock sets in, the interest-only mortgages that completely unqualified people got will suddenly become untenable.

Houses will be foreclosed, the real estate bubble will burst, but only while qualified investors - or the Chinese - or both - scoop up those bargain houses and put them up as rental properties.

Screwed. Our new national motto.

[BRLIB]

2. They're screwed! Republican congress already stopped

Dem proposals for exemptions.

But Entergy, they can still go after it......

[TWiley]

4. I just noticed that there is a "W" in "screW"

Is this a correlation?

[OldLeftieLawyer]

5. Naw

He's too dumb to know how to screw properly.

Even his "twins" were conceived by in vitro fertilization, a fact the whole damnable family would like to keep very, very quiet.

[catmandu57]

3. They voted down an ammendment

covering just this type of happening, so, unless individual companies come forward and give a grace period to those affected, they'll probably lose the lot that their rubble is piled on. Or the neighbors rubble.

[Faygo Kid]

6. You are right, and I don't care that you can't spell.

And thank you. With all sincerity, because your point is very well taken.