Bankruptcy bill is Congress' shame

[rodeodance]

http://www.madison.com/tct/opinion/index.php?ntid=31106&ntpid=1

Bankruptcy bill is Congress' shame

By Dave Zweifel
March 7, 2005
The Republican-dominated Congress is on the verge of changing the nation's bankruptcy laws to make it easier for the hugely profitable credit card companies to get their money back and more at the expense of the nation's poor.

The big banking interests have been trying - and failing - for the past four congressional sessions to make it more difficult for financially beleaguered Americans to file for bankruptcy, tipping the balance in favor of the nation's big financial interests.

This time, though, the legislation is all but assured of passage in both houses, thanks to gains made by Republicans in the 2004 elections. Wisconsin is playing a role in the debate. Rep. James Sensenbrenner, who represents silk-stocking suburban Milwaukee and has long been a toady of special business interests, not surprisingly is leading the charge in the House.

The "reform" is ostensibly needed to counter those who are abusing the current system by running up large debts and then wiping them out, leaving banks and credit card companies high and dry........

[westernpenndem]

1. I think you mean: Bankruptcy Bill is GOP Sham

... and Santorum Overtime amendment was GOP scam.

[indepat]

3. They are not shameful of the oodles of sham and scam foisted on the

American public.

[The Zanti Regent]

2. Joe Bidet and his pal Carper have to explain why they support it.

Bidet will never be President. He forgets that MBNA is a four letter word.