Monday, July 10, 2006

The moral burden of bankruptcy

The morality of bankruptcy was much discussed in Congress. That debate continues, as discussed in this article in the Christian Science Monitor.

Excerpt:

On one side, Christian conservatives who applauded last year's tightening of bankruptcy laws are now appealing to higher authority to tweak the consciences of would-be defaulters. On the other side, voices irked by double-digit interest rates and questionable marketing tactics of credit-card issuers say debtors are often morally justified in seeking relief.