UK: Banks Seize Homes Over Credit Card Debt

Oh, this will the UK Banks seize homes over credit card debt:

Banks and credit card companies in England are exploiting a legal loophole to seize homes of customers who cannot pay their credit card bills, experts say.

People owing as little as $1,500 on such things as credit cards, car payments and personal loans have been served with charging orders, which enable a creditor to order the sale of a property, The Sunday Times of London reported.

Meanwhile in the U.S., corporations notorious for predatory credit cards just received $3.6 billion by selling preferred stock to the government.

How long will this go on where the money just goes to the top to keep an unsustainable scheme going?

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