From a Harper's story on Joe Biden:
“Biden was long a willing foot soldier in the campaign to emasculate laws allowing debtors relief from loans they cannot repay. As far back as 1978, he helped negotiate a deal rolling back bankruptcy protections for graduates with federal student loans, and in 1984 worked to do the same for borrowers with loans for vocational schools.”
• “Even when the ostensible objective lay elsewhere, such as drug-related crime, Biden did not forget his banker friends. Thus the 1990 Crime Control Act, with Biden as chief sponsor, further limited debtors’ ability to take advantage of bankruptcy protections.”
•Biden worked diligently to strengthen the hand of credit-card firms against consumers. At the same time, “the credit card giant MBNA was Biden’s largest contributor for much of his Senate career, while also employing his son Hunter as an executive and, later, as a well-remunerated consultant.”
1 comment:
And the fact that he's still high in the straw polling tells us how little effort the corpomedia makes to expose the ones like Biden. What was his contemptname, "Senator from Citibank" or something like that?
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