Bankruptcy grace period

[Yoshie Furuhashi]

At 3:51 PM -0500 3/24/01, Yoshie Furuhashi wrote:
>>>Patrick Bond wrote:
>>>
>>No smell in the wind, there, of mass bankruptcy as organising
>>strategy? Like El Barzon, Mexico in 1995-97? South African townships
>>when interest rates soared on housing loans?
>
>Patrick, this is America! We do things as individuals. Bankruptcy is 
>a personal choice, arrived at by expensive consultations between 
>self and attorney.
>
>Doug
>
>It's difficult to create a debtors' cartel, in the Global North or South.
>
>Yoshie

At 5:18 PM -0500 3/24/01, Doug Henwood wrote:
>Yoshie Furuhashi wrote:
>
>>It's difficult to create a debtors' cartel, in the Global North or South.
>
>Especially since the ruling class of the South has no real desire 
>to, since that would undermine their status as junior partners of 
>the world bourgeoisie.
>
>Doug

Right.  Further, there's no chance of a debtors' cartel here while 
some self-identified leftists are sticking up for creditors, as is 
clear from the threads on student loans.

Yoshie