What if you just blow up all data of creditcard companies, like in "Fight Club"? Wipe the creditcard debt of basically in all USA citizens. Somehow I see a "possible/partial" solution in that. Would anyone explain the after effect of that?
Isnt the issuer of the card that grants that credit, and the issuer of the card can be a bank or a credit union. I m talking about specifically de credit union that holds the credit and busts, leaving the (acquiring) bank and the cc holder "free of charge". Is that even possible?
Isn't it ironic that forbearance was never the strongest trait of Corporate America, but that is exactly what they're getting from Uncle Sam at the expense of those they're gouging?
You answered your own first question. "Free of charge" could hardly happen due to subrogation, even in case of the entity gone bust.
What do you think is happening now to the homeowners, who can not make their mortgage payments to the (former) Lehman?
isnt that basically what happend in bldg 7??? not with cc debt but with all the SEC investigations and all the Enron / Arthur Andersen investigations etc.