Monday, March 28, 2011

Welcome to Debtors' Prison, 2011 Edition - Yahoo! Finance

Welcome to Debtors' Prison, 2011 Edition - Yahoo! Finance

"Some judges are worried that the jump in debt-related arrest warrants is creating a modern-day version of debtors' prison. The practice ended in 1833 after decades of controversy, since borrowers owing as little as 60 cents could be held indefinitely in squalid jails until they paid off their debt."

Facebook Post: US Uncut-Michigan
Corporations , again, can 're-negotiate' billions in debt........Us Peasants get thrown in jail for a couple hundred dollars........
Welcome to Debtors' Prison, 2011 Edition - Yahoo! Finance
finance.yahoo.com
Some lawmakers, judges and regulators are trying to rein in the U.S. debt-collection industry s use of arrest warrants to recoup money owed by borrowers