[L]et’s not forget who these motherfuckers are: they are the people who spent most of the last decade and a half showering congressmen with cash in order to get the Bankruptcy Bill passed. That bill made it significantly harder for people to declare bankruptcy to get out from credit card debt so that they could keep their homes. A study by the New York Federal Reserve last year concluded that there are roughly 32,000 more foreclosures per month because of this bill than there would have been had the old bankruptcy laws remained in place. The study estimated that the bill resulted in about 400,000 additional foreclosures total since its inception.
Gee, you think that played a role in the financial crisis at all? Forgetting all the predatory practices that these people are known for, they were a major accomplice in the financial disaster — and now they’re fighting tooth and nail to keep Congress from forcing them to stop arbitrarily jacking up fees on consumers.
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