I don't know if anyone is following this, but it's an outrageous giveaway to credit card companies and retailers, who are basically saying "yeah, we issued sub-prime loans to people we shouldn't have, and now they're declaring bankruptcy like we probably should have known they might, but since they are we want them to pay us anyway, particularly all the extra fees and late charges we really make our money on."
There's a good analysis of it in laymen's language here.
Anyway, it passed the Senate today. Akaka voted against, Inouye for (and I've written him to ask what the hell he was thinking about).
Case has signed a letter saying hurry up and get it here so I can vote for it.
If you think it's a bad idea to make it a lot harder for people whose lives have been financially smashed, usually by job loss or medical hardship (studies have shown something slightly under 50% of all bankruptcies are caused by medical emergencies) to get a fresh start, then you might want to contact Case (if he's your representative) and/or Abercrombie (who did NOT sign that letter) and tell them to fight. It may or may not do any good, given House Rep. majorities, but it lets them know we're paying attention.
There's a good analysis of it in laymen's language here.
Anyway, it passed the Senate today. Akaka voted against, Inouye for (and I've written him to ask what the hell he was thinking about).
Case has signed a letter saying hurry up and get it here so I can vote for it.
If you think it's a bad idea to make it a lot harder for people whose lives have been financially smashed, usually by job loss or medical hardship (studies have shown something slightly under 50% of all bankruptcies are caused by medical emergencies) to get a fresh start, then you might want to contact Case (if he's your representative) and/or Abercrombie (who did NOT sign that letter) and tell them to fight. It may or may not do any good, given House Rep. majorities, but it lets them know we're paying attention.
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