So what, now it's illegal to give a bad loan?

I wish I knew why companies that extend credit willy-nilly should be protected from their bad investments. If I make a lousy investment, the Big G isn't going to bail me out.

Yesterday, Congress passed the bankruptcy bill that makes it harder for Americans to declare bankruptcy. This bill protects creditors who ignore fraud alerts, bait college students with credit cards, and extend credit to people who have no business getting credit in the first place.

"The credit card industry defeated a provision that would have required credit card issuers to tell consumers how much more interest they would be charged if they opted to pay only the required minimum each month. "

It makes me disgusted that my country, my America exists to protect irresponsible corporations, nay, greedy corporations.

"The big winner under the new law will be credit card issuers, whose reckless and abusive lending practices have driven many Americans to the brink of bankruptcy," said Travis B. Plunkett, lobbyist for the nonprofit Consumer Federation of America. "Now that Americans in bankruptcy will have to pay more back to creditors, they have a right to expect that credit card companies will lower their interest rates and fees. We will be watching credit card companies closely to see if they will become more responsible corporate citizens in return for this unprecedented gift from Congress."

If creditors didn't want to be stuck holding the bag, perhaps they should have extended credit less freely.

To those who say that the American's racking up the debt should be more responsible, think of this: Half of all bankruptcies stem from medical bills.

Again, I say shame on you Congress.