The details of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 reveal it to be a bill crafted as a Republican paean to MBNA, the largest single contributor to the Republican party. Far from being either an effort to stem “Bankruptcy Abuse” or an effort at “Consumer Protection”, the bill is in fact an attempt to rewrite bankruptcy laws to reduce the ability of those laws to protect consumers from predatory lending practices on the part of MBNA members, and to stiffen the capabilities of those corporations to collect from consumers already suffering from extreme financial hardships.
Bankruptcy Bill: Congress is MBNA's Fluffergirl
One response to “Bankruptcy Bill: Congress is MBNA's Fluffergirl”
That just gives me a warm fuzzy feeling (I am being sarcastic)