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Dean Baker on Bogus Mortgage Settlement

Feb. 9, 2012 - Full of sound and fury, signifying another back door bailout. Dean Baker sets the story straight on BBC World News.

Your ex says you owe, but you disagree. Do you have to pay?

At the end of a marriage, money issues will be thrashed out in divorce court. But for unmarried couples, the ugly details of who owes what to whom are not so readily resolved.

Advice forums are full of posts from people stressed about money owed to ex-partners — often debts they don’t believe they owe. A frequent question is whether or not they’re legally bound to pay up.

The short answer is, probably not.

Laws vary from state to state, but partners in unmarried relationships generally have no legal recourse when it comes to collecting debts, says Elizabeth Baker, a family-law attorney with the law firm of Hinshaw & Culbertson in Coral Gables, Florida.

“There are very few exceptions,” Baker says. “For example, you might have a cohabitation agreement and hope that a court would reinforce it.”

Your responsibility can be murky

The decision to pay or not to pay may come down to a judgment call.

Baker signs law prohibiting discrimination against pregnant workers

Baker signs law prohibiting discrimination against pregnant workers

Governor Charlie Baker signed the Pregnant Workers Fairness Act into law Thursday, prohibiting pregnancy-related discrimination and guaranteeing expectant mothers the right to less strenuous duties, more frequent breaks, and temporary transfers, among other accommodations. Nursing mothers will also be protected under the bill. “This bipartisan legislation extends critical protections to women in the workplace and I thank the Legislature for their collaboration with advocates from both the women’s health and business communities,” Baker said in a statement. “These provisions are important to expectant and working moms supporting their families and raising healthy children.” Similar measures have been passed in 21 states, and Washington, D.C., and a comparable federal bill was reintroduced in Congress in May. “As a working mom, I know how important it is to balance job responsibilities and family life to support our kids,” Lieutenant Governor Karyn Polito said in a statement. “Ensuring women in the workplace raising their children have access to these protections is important to the strength and safety of our economy, families and communities.” — KATIE JOHNSTON

Is the banking/mortgage meltdown the goverment's fault to begin with?

Does this crisis show the failure of capitalism? Or does it show the failure and arrogance of government meddling? Is it possible that ONE MAN is responsible?

This is really oversimplified. The US doesn't have a purely capitalist economy. It has a mixed economy that combines elements of a free market economy and a socialized economy.