Posted on 05/15/2019 8:05:34 AM PDT by rintintin
Former Vice President Joe Biden bills himself as one of the regular guys and gals, but as a Democratic Senator from Delaware, he cozied up to credit card executives while championing their cause in Congress, making it tougher for average Americans to file for bankruptcy.
“Joe Biden pretends that he’s middle-class Joe, and in reality he’s corporate Joe,” Adam Levitin, a law professor at Georgetown University who specializes in bankruptcy, commercial law, and financial regulation, told the Washington Examiner.
Biden was a key architect of and whip for the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which made it harder for consumers to declare bankruptcy.
(Excerpt) Read more at google.com ...
All of the regular guys and gals get elected to Congress at 29 and spend their entire adult lives sucking at the public teat. (not)
Pay off for the banks that have bankrolled his campaigns.
Banks that are largely based in DE.
PedoJoe is the personification of the Corrupt Career Politician
It’s always been about him and his family of crooks.
There’s hidden socialism in this story. Consumers at that time were incentivized to go on uncontrolled spending binges and then avoid their debts via bankruptcy. This raises interest rates and makes life harder for middle income families who don’t abuse credit. Banks should not be viewed as big piles of money available for re-distribution. If we jump on the Democrats whenever they happen to do something right, we’ll push them further left.
[shrug]
“They hired the money, didn’t they?”
-————Calvin Coolidge
Pay your damn debts.
“Pay your damn debts”
Yes, you’re right, let’s reopen the debtors prisons
Word in Delaware is that he was handed the bill from MBNA and told this the bill we want enacted. So being the good messenger boy that he is, he got the bill passed. Enter the five acre home on a private lake.
The Fake Indian will be sure to pummel him with this one.
The Fake Indian will be sure to pummel him with this one.
For good reason
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