The bastards saw this coming

[TwixVoy]

Anyone remember bankruptcy reform? I had completely forgotten about that.... but they pushed it through way before this "credit crisis" happened.

They saw this coming, and the first thing they decided to do was pass "bankruptcy reform" which basically assured many people would become slaves to paying the bank most of their lives.

Very very clever in a sick kind of way...

[AlCzervik]

1. Those voting "aye" on the senate side

Yea 74

Alexander (R-TN)
Allard (R-CO)
Allen (R-VA)
Baucus (D-MT)
Bayh (D-IN)
Bennett (R-UT)
Biden (D-DE)
Bingaman (D-NM)
Bond (R-MO)
Brownback (R-KS)
Bunning (R-KY)
Burns (R-MT)
Burr (R-NC)
Byrd (D-WV)
Carper (D-DE)
Chafee (R-RI)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Coleman (R-MN)
Collins (R-ME)
Conrad (D-ND)
Cornyn (R-TX)
Craig (R-ID)
Crapo (R-ID)
DeMint (R-SC)
DeWine (R-OH)
Dole (R-NC)
Domenici (R-NM)
Ensign (R-NV)
Enzi (R-WY)
Frist (R-TN)
Graham (R-SC)
Grassley (R-IA)
Gregg (R-NH)
Hagel (R-NE)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Inouye (D-HI)
Isakson (R-GA)
Jeffords (I-VT)
Johnson (D-SD)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lincoln (D-AR)
Lott (R-MS)
Lugar (R-IN)
Martinez (R-FL)
McCain (R-AZ)
McConnell (R-KY)
Murkowski (R-AK)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reid (D-NV)
Roberts (R-KS)
Salazar (D-CO)
Santorum (R-PA)
Sessions (R-AL)
Shelby (R-AL)
Smith (R-OR)
Snowe (R-ME)
Specter (R-PA)
Stabenow (D-MI)
Stevens (R-AK)
Sununu (R-NH)
Talent (R-MO)
Thomas (R-WY)
Thune (R-SD)
Vitter (R-LA)
Voinovich (R-OH)
Warner (R-VA)

[liberal N proud]

4. McCain (R-AZ)

[YOY]

6. and Bayh (D-IN)

Next assclown I see pushing this DLC asswipe on us gets the burn...

[AlCzervik]

8. and Biden, no surprise there though, Mr. BOFA (formally Mr. MBNA)

[hootinholler]

16. He didn't just vote for it...

He lead the freakin charge.

-Hoot

[bbgrunt]

13. thanks for that reminder chimps. I sure hope

none of these jerks becomes a veep nominee.

[roguevalley]

20. Biden. Bayh. They are automatically disqualified for VP. May they

burn in hell for this.

[Trajan]

2. Sly as foxes, they are ....

We at DU complained mightily about that 'reform', which many congressional Democrats championed : to our collective detriment ......

[SammyWinstonJack]

27. Wellstone railed hard against it and look what happened to him.

[mediaman007]

3. That's why I love this place. The World's greatest minds work here!

Here's the beauty of your observation: I'd have to guess that some of the people affected by the bankruptcy act are on the Free Republic and they will vote for the party that has enslaved them.

[Kansas Wyatt]

5. When you look at who they actually REPRESENT....

It becomes very clear who they are actually working for, and it is NOT the American People.

Every single one of them should be tarred & feathered, have all of their property looted, and permanently kicked out of the country. Fuck'em! They had no problem fucking the American People.

[blues90]

7. I agree!

[liberalmuse]

9. They also made sure soldiers couldn't find safe haven in Canada...

shortly after 9/11, and a year and a half before the war. I think most of this shit has been years in the planning. They knew the housing bubble would eventually burst. They may be incompetent, but they aren't total idiots. I think it would take a full time commission years to uncover all their crimes.

[HughBeaumont]

24. Reminds me of one of my journal entries on the Carlyle Group . . .

. . . just what DID these buncha snakes know about the events of September 11th? The companies they picked up seem awful dubious, looking back. Curiouser and curiouser . . .


http://journals.democraticunderground.com/HughBeaumont/38

[Submariner]

10. That's why Bush tried a full court press to get Social Security

funds into the stock market, so when this collapse occurred it would drag all the 401(k)'s into the Bush toilet. Let's be glad he failed at that scheme.

[warren pease]

11. Expect the worst whenever the GOP or blue dogs start yammering about "reform." n/t

[Theres-a]

12. They created it.

The whole terrible mess is their creation.

[earth mom]

14. Oh HELL yeah they knew it was coming.

I pretty much knew it was coming when they did it too. Rat Bastards! :grr:

[Wednesdays]

15. "They" saw it coming, even though many of the "they" are now gone

"They saw this coming, and the first thing they decided to do was pass "bankruptcy reform" which basically assured many people would become slaves to paying the bank most of their lives."

And pay, and pay...even after a lot of those banks have become history. :shrug:

[file83]

17. I knew when they passed that law that the bubble was going to burst....

...back then everyone was so optimistic and supportive of the law (everyone being Republicans, middle America), saying only tricksters charge up credit and then try to get away without paying the bill...

I knew however that the people pushing for this law knew this was coming. They knew the economy was going to tank. They knew the dollar was going to plunge. They knew the housing market was going to pop.

Think about it - they've been letting people write off credit card debt during bankruptcy for ever. Then they decide to revoke it at the apex of the bubble. Why would they do that? Hmmm....now we know.

[undergroundpanther]

18. of couse they KNEW,but we don't know we are just peons...

Not just the Bankruptcy bill, but these fuckers ALSO rammed the Frivolous law reform bill through too A.K. the Tort bill.
http://www.thetortellini.com/frivolous_lawsuits/
So even if they screw you, you can't go bankrupt AND you can't sue THEM for screwing you over or not being honest about the contract or switching it around on you.
http://www.reuters.com/article/pressRelease/idUS225339+28-Feb-2008+PRN20080228

Usury, to be clear about it, is rich people taking advantage of poor people by lending them money on terms that are sure to make them fail - William Greid

http://notodebtslavery.blogspot.com/
http://landru.i-link-2.net/monques/gillets.html
http://www.bestcyrano.org/THOMASPAINE/?p=692#more-692
A revealing little anecdote about economists.

Q: How does an economist get out of a hole?

A: First, he assumes a ladder.

This whole bubble bust,debt and certain laws passed is the set up for our future indentured servitude.
Corporations are nothing but fictional entities which
have been put into your mind.This slavery to corporations was because you believed a lie. We would be free if the want-to-be-slaves were gone.

To bring the people of America to there knees,
install a Central Government over them and to bind them to a debt that could not be paid. First off you have to understand that the UNITED STATES is a corporation and that it existed before the Revolutionary war.
See Respublica v. Sweers 1 Dallas 43. 28 U.S.C. 3002 (15).

Peonage is a system where laborers are bound in servitude until their debts are paid in full. Those bound by such a system are known, in the US, as peons. Employers may extend credit to laborers to buy from employer-owned stores at inflated prices. This method is a variation of the truck system (or company store system), in which workers are exploited by agreeing to work for an insufficient amount of goods and/or services. In these circumstances, peonage is a form of unfree labor. Such systems have existed in many places at many times throughout history.

We are all peons now...

[undergroundpanther]

19. duh

[judasdisney]

21. Guess what? Guess what else they see coming?

http://www.globalresearch.ca/index.php?context=viewArticle&code=+SC20060206&articleId=1897

Homeland Security Contracts for Vast New Detention Camps

Editor's Note: A little-known $385 million contract for Halliburton subsidiary KBR to build detention facilities for "an emergency influx of immigrants" is another step down the Bush administration's road toward martial law, the writer says.

A Halliburton subsidiary has just received a $385 million contract from the Department of Homeland Security to provide "temporary detention and processing capabilities."

The contract -- announced Jan. 24 by the engineering and construction firm KBR -- calls for preparing for "an emergency influx of immigrants, or to support the rapid development of new programs" in the event of other emergencies, such as "a natural disaster."

[lynettebro440]

22. I filed bankruptcy 2 months before the new reforms

went into effect. Man am I glad I did. Because I was reading on DU at the time, I knew what they were up to. I have stayed away from credit cards, loans, anything with owing anyone anything. The rat bastards changed the bankruptcy law at the same time they put that cute little clause on all your bills, if you are late on one bill they can all raise the interest rates on all your bills. That was a big red flag. I have been a vocal advocate to stay the hell away from credit and live only on your means.

[Atman]

23. It goes a lot deeper than that...think of the tax cuts.

Everyone was baffled as to why on Earth a president would CUT taxes during a time of crisis, then refuse to even consider raising them when it was clear the treasury had run dry. Why? Of course...they -- the same "theys," btw -- saw this coming, as you said. Search my old posts and you'll see that I've written about this several times. The policies BushCo was pursuing made this cash/credit crisis inevitable. What better hedge against a looming depression than to make sure you and your buddies have all the cash safely tucked away in the Cayman Islands? The tax cuts alone have made the difference for some of these people, whether they get to ride out it like the Newport and Kennebunkport set, or whether they'll be eating Chinese-made dog food in a year.

.

[lonestarnot]

25. No shit! Have to have that tactic in place for disaster economics to

work effectively. Indentured slavery is a must to achieve maximum social control.

[Prophet 451]

26. Welcome to the enlightened

All you have to do to understand this entire presidency is to remove the notion that they were ever trying to do what's best for the country. It was always about enriching themselves and the megacorporations. Bankruptcy "reform" was one leg of that, the others were the gutting of enviromental and business regulation (or just defunding the regulatory body) and the war in Iraq. A war that was designed to fail. Bush might be stupid but Cheney is lethally clever. He has the expertise on hand to do Iraq properly if they were hell-bent on doing it (in, capture or kill Hussein, set up some form of interim government and out in perhaps six months). Instead, they chose a course which was inevitibly going to lead to the current chaos. That chaos has helped the price of oil skyrocket and doubled or tripled the profits of the oil companies. Yes, a lot of people die but it's not them or their loved ones being shot at, so what do they care?

And you can do this with every single issue. Social Security wasn't in crisis but if it was, two reasonable people could have sat down and worked out a solution in a couple of hours. Instead, the Administration chose to push privatisation. Pick an issue, any issue. This whole administration has been about the crippling of government and the channelling of money and power to the corporate class. With the exception of privatisation failing, everything over the last seven years has gone exactly the way Cheney wanted it to.

[Tyler Durden]

28. The training ground? The Savings and Loan Crisis, 1985-1991

http://en.wikipedia.org/wiki/Savings_and_loan_crisis

ANOTHER Bush's Debacle.

[Joe Chi Minh]

29. I expect if the country is to recover, there will have to be an amnesty.