7 Rip-Offs Corporations and the Wealthy Don't Want You to Know About
By Paul Buchheit
December 15, 2013
| Tax-avoiding,
consumer-exploiting big business leaders are largely responsible for
these abuses. Congress just lets it happen. Corporate heads and members
of Congress seem incapable of relating to the people that are being
victimized, and the mainstream media seems to have lost the ability to
express the views of lower-income Americans.
[...]
2. Crash the Economy, Get Your Money Back. Die with a Student Loan, Stay in Debt.
The financial industry has manipulated [6] the bankruptcy laws to ensure that high-risk derivatives, which devastated the market in 2008, have FIRST CLAIM [7] over savings deposit insurance, pension funds, and everything else.
But the same banker-friendly "bankruptcy reform" has ensured that college graduates keep their student loans [8] till they die. And sometimes even after that [9], as the debt is assumed by their co-signing parents.
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