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Destigmatize Bankruptcy.
(lemmy.ml)
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this post was submitted on 01 Nov 2023
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Stigmatized by capital owner? Wtf is that claim.
It's stigmatized because it's people not making good on their word.
I'm glad there is a process (at least here in the civilized world) to control bankruptcy because it has to exist in some cases, but it's something that should be normalised.
Already did, its normalized for companies, and looked down on by individuals, because individuals should mAkE gOoD oN tHeIr wOrD. Like I said fuck that noise.
The banks aren't good on their word you fucking trog. They raise the interest rates after you borrow, that's not fucking playing fair by any means. Tell me your a scumbag banker without telling me.
No they don't. If you borrow at a variable rate, the rate will track with the reference rate (that the government changes, not the banks) both up and down.