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My understanding is that Joe Biden (MBNA) was one of the prime "Democratic" backers of the Bankruptcy Abomination Bill and voted for it.

The Biden Bankruptcy Abomination lets non-human legal fictions like corporations declare bankruptcy to overturn labor contracts and stop paying retirement plan obligations.

But it denies equal treatment to American citizens who are human beings.

This Bankruptcy abomination doesn't let working folks use bankruptcy when a reservist gets called to active duty with a huge pay cut, or when a real person gets overwhelmed with a huge medical bill.

Rich folks also get different treatment under the law than working class Americans. They get to use the old 'human-friendly' law just like the non-human legal fictions do.

How do you like them apples? Lobbyists dreamed this Bushite up and some turncoat 'Democrats' supported it.

Real humans can't even get relief from predatory lending contracts when they are going to lose their homes.

I want to see Biden and the 'Democratic Leadership' in Congress vow RIGHT NOW to really produce 'Change We Can Believe In!" and roll back the Bankruptcy Abomination Bill in the FIRST 100 DAYs...

or these corporatist ass-kissers... can kiss my human ass.  

RMD

Originally posted to RedMeatDem on Sat Aug 23, 2008 at 09:43 AM PDT.

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Comment Preferences

  •  Tip Jar For... (14+ / 0-)

    Some of that 'Change We Can Belive In' stuff...

    RMD

    The Bushiter's Iraq 2004 - 1268 Dead, about 25K Medivacs and 9000 Maimed... It's the Bushiter Way, wasting other people's money and lives. And it's worse now.

    by RedMeatDem on Sat Aug 23, 2008 at 09:44:22 AM PDT

  •  Yes, we get it (9+ / 0-)

    Biden's not perfect.

    He represented Delaware, which has a large banking industry. Meh.

    Next!

    But don't forget that most men without property would rather protect the possibility of becoming rich, than face the reality of being poor. (1776)

    by banjolele on Sat Aug 23, 2008 at 09:44:27 AM PDT

    •  Which means what? (6+ / 0-)

      Every Senator has to do whatever any predatory industry in their state says? Meh.

      "While there is a lower class, I am in it. While there is a criminal element, I am of it. While there is a soul in prison, I am not free." - Eugene Debs

      by matthewc on Sat Aug 23, 2008 at 09:48:58 AM PDT

      [ Parent ]

      •  When the agency is a major part of the state econ (2+ / 0-)
        Recommended by:
        LucyMO, banjolele

        When it's a major part of the state's economy, then they probably will. Yeah it sucks that people have to sell out principle, but if you don't get elected, you can't do any good at all. There's a balance. Too much selling out is bad, but at the same time, you have to do it a little to do any good.

        •  Define "sell out" (0+ / 0-)

          Sometimes making sure an industry stays healthy and robust, when that industry is a big component of your local economy, is doing a good thing for your "human" constituents, too, y' know.  Merely making policy that helps business isn't necessarily a "sell out" to that business interest.

          ...and this is coming from someone that believes we should embrace "class warfare" more explicitly in our electoral politics.

      •  No, it doesn't (3+ / 0-)
        Recommended by:
        SallyCat, LucyMO, ryangoesboom

        It means that he represented his own state's financial interests. Other senators could have and should have stood up to him and said no to this bill. They didn't.

        Look, if you want to fault Biden for things, don't fault him for things that are obviously beneficial to his state. Fault everyone else for going along with bad legislation. It takes 50+ votes to make law... and there's filibusters and vetoes as well. Obviously it's not just Biden's doing.

        But don't forget that most men without property would rather protect the possibility of becoming rich, than face the reality of being poor. (1776)

        by banjolele on Sat Aug 23, 2008 at 09:53:06 AM PDT

        [ Parent ]

        •  Excuses Aren't 'Change We Can Believe In' (3+ / 0-)
          Recommended by:
          fabacube, propitious2, Johnny Q

          I have been listening to Democrats make excuses for decades.

          I WANT CHANGE!!!

          RMD

          The Bushiter's Iraq 2004 - 1268 Dead, about 25K Medivacs and 9000 Maimed... It's the Bushiter Way, wasting other people's money and lives. And it's worse now.

          by RedMeatDem on Sat Aug 23, 2008 at 09:56:29 AM PDT

          [ Parent ]

          •  You want revolution? (4+ / 0-)
            Recommended by:
            varro, SallyCat, WattleBreakfast, Hawaiian

            Change is slow and methodical. Look at how our country has slowly been shifting to the right for the past few decades. I'll be happy if we start pushing back. I don't need to overthrow the Right; I just want them stopped and held back (and the warmongers in power now sitting in prison).

            But don't forget that most men without property would rather protect the possibility of becoming rich, than face the reality of being poor. (1776)

            by banjolele on Sat Aug 23, 2008 at 09:58:28 AM PDT

            [ Parent ]

        •  since when (1+ / 0-)
          Recommended by:
          matthewc

          do the interests of a bank in a state matter, but the interests of the vastly larger number of citizens in that state not matter?

          it seems our definitions of "state" are incompatable.

          surf putah, your friendly neighborhood central valley samizdat

          by wu ming on Sat Aug 23, 2008 at 11:20:22 AM PDT

          [ Parent ]

    •  Now They Can Commit to Roll It BACK... (4+ / 0-)
      Recommended by:
      eztempo, Indiana Bob, netgui68, Gorelab

      Or he and Obama can face this issue on the stump.

      Tell me... what are the specifics of...

      "Change We Can Believe In" that we can believe in if the Democrats can't commit to rolling back this abomination?

      It's time to see some 100 days commitments, and not just some pretty words.

      RMD

      The Bushiter's Iraq 2004 - 1268 Dead, about 25K Medivacs and 9000 Maimed... It's the Bushiter Way, wasting other people's money and lives. And it's worse now.

      by RedMeatDem on Sat Aug 23, 2008 at 09:50:05 AM PDT

      [ Parent ]

      •  That would be awesome if they did (1+ / 0-)
        Recommended by:
        RedMeatDem

        The bill was bad for most of America, but good for Delaware. Hopefully, Biden will be able to represent all of America and not just his 1/50th of it.

        But don't forget that most men without property would rather protect the possibility of becoming rich, than face the reality of being poor. (1776)

        by banjolele on Sat Aug 23, 2008 at 09:54:08 AM PDT

        [ Parent ]

      •  Change (0+ / 0-)

        is more than just ONE bill.

        more than just ONE law.

        more than just ONE item.

        So if Obama/Biden, and the Democratic held Congress get us out of the killing machine we call Iraq, fix the economy, regain the respect of the world for the United States and work to fix the needs of our own country - but can't fix the "abomination" you refer to, by the end of the first term - then CHANGE didn't happen?

        We all have our targets.  Someone diaried about the semi-automatic gun control legislation.  Another about the FISA bill.  Still another about the WAR IN IRAQ.  All pound and pound on these and these alone.

        OUR COUNTRY IS IN A SHAMBLES.

        It would take a GOD to correct all of our ills within the terms of a first Presidency.

        Don't claim "failure" just because a pet peeve isn't the top priority of the new administration.

        An open mind and a closed mouth will increase your knowledge and decrease your explanations.

        by Kretgar on Sat Aug 23, 2008 at 10:46:35 AM PDT

        [ Parent ]

      •  I like your "100 days commitments" idea (0+ / 0-)

        That's been a good indicator of a promised Administration's "hot priorities," and can include a laundry list of specific issues put out by a press office without distracting too much from a campaign's over-all theme from the candidates on the stump.

  •  Luckily Obama only has to worry (2+ / 0-)
    Recommended by:
    UncleCharlie, planetclaire4

    about your issue. So I am sure he will get right on it.

  •  Bankruptcy Bill sux, but VP is not about......... (2+ / 0-)
    Recommended by:
    democrattotheend, eztempo

    pushing your own agenda.

    VP is about CHAMPIONING THE PRESIDENT'S agenda.

    Biden can do that.

    This train is leaving the station. Get on it.

    "Watch what you watchin'. Fox keeps feeding us toxins. Stop sleeping, start thinking outside of the box and unplug from The Matrix doctrine." -Nas

    by malharden on Sat Aug 23, 2008 at 09:52:02 AM PDT

    •  I'll Board The Train... (0+ / 0-)

      if it is going someplace I want to go to.

      Where's the 'Change We Can Believe In' train headed anyway?

      RMD

      The Bushiter's Iraq 2004 - 1268 Dead, about 25K Medivacs and 9000 Maimed... It's the Bushiter Way, wasting other people's money and lives. And it's worse now.

      by RedMeatDem on Sat Aug 23, 2008 at 09:53:28 AM PDT

      [ Parent ]

      •  Stop 1: 1600 Pennsylvania Avenue (7+ / 0-)

        Stop 2(a) Needs to be someplace that heads the train towards economy recovery (journey, not a destination).

        Stop 2(b) Picks up the soldiers on their way out of Iraq.

        As far as I'm concerned any one of a gajillion progressive priorities could be Stops 3-n.

        I don't think Stop 1 should be "fix bankrupcy bill".

        Call me crazy.

        "Watch what you watchin'. Fox keeps feeding us toxins. Stop sleeping, start thinking outside of the box and unplug from The Matrix doctrine." -Nas

        by malharden on Sat Aug 23, 2008 at 09:56:23 AM PDT

        [ Parent ]

        •  Fixing the Bankruptcy Bill (0+ / 0-)

          Fits in Stop 2A according to your itnerary.

          So when are we going to see them start selling tickets to commitments!

          RMD

          The Bushiter's Iraq 2004 - 1268 Dead, about 25K Medivacs and 9000 Maimed... It's the Bushiter Way, wasting other people's money and lives. And it's worse now.

          by RedMeatDem on Sat Aug 23, 2008 at 10:00:01 AM PDT

          [ Parent ]

  •  It's Just Not The Bill.... (2+ / 0-)
    Recommended by:
    LEP, Indiana Bob

    But also some particularly repugnant votes on amendments to the bill.

    Back in early 2005, Senator Dick Durbin proposed an amendment to the infamous S. 256, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ?- better known as the Bankruptcy Bill, a law pushed by credit companies which made it more or less impossible to declare bankruptcy. Durbin's amendment, called the G.I. Protection Amendment, would have exempted U.S. servicemen and women from the so-called "means test," a procedure which under the new law every bankruptcy aspirant must submit to before he is allowed to sue for bankruptcy. It also would have protected soldiers from losing their homes to creditors during their deployments, and would have offered some debt protections to the spouses of slain servicemen. It also would have offered some protections to soldiers in trouble because of payday loans.

    Now, the logic of this amendment seemed unassailable. Soldiers sent to war often end up in financial trouble, and reservists sent to war for long deployments have it even worse, often seeing their small businesses fail or bills pile up while they trade in their normal salaries for meager Army wages. It seems like a small concession to make to soldiers to offer some relief on these fronts, in exchange for asking them to risk their necks for some pointless military adventure dreamed up by a bunch of half-wit Ivy League trust-fund babies who'll never go broke and whose kids will never serve. So Durbin's amendment made sense, but of course it died, 62-38. Most of the Republicans voted against it, but they weren't alone. Some Democrats voted nay, too, including that great old friend of the credit industry, Joe Biden.

    In the election cycle immediately preceding the historic Bankruptcy Bill, Joe Biden collected some $62,125 from the credit industry, putting him in 12th place among all American politicians. To date, for his career, he's taken over a quarter of a million dollars from credit card companies, many of which are headquartered in Delaware.

    So it was no surprise that Biden was one of the chief pimps for this notorious law.

    I support Obama, and his choice of Biden doesn't change that. However, I think there were better VP choices.

  •  One bad vote = NEVARRR (3+ / 0-)
    Recommended by:
    Loquatrix, UncleCharlie, Niniane

    OMG WHY CANT HE VOTE LIKE I WANT HIM TO 100% OF THE TIME! IM JUST GONNA SIT THIS OUT... HE EFFED UP ONCE? FINE LET MCCAIN BE PRESIDENT WAHHHHH

  •  get ready for flames (1+ / 0-)
    Recommended by:
    WattleBreakfast

    There shall be no criticism of anything Obama does for he is Wise and Good.  Any complaints are just worthless bitching by one-issue purists.

    We must only nod our heads in agreement, for Obama is not to be questioned on anything, whether it be FISA votes, off-shore drilling, faith-based initiative, staying in Iraq, or choosing a bank-lobbyist-soaked VP.  Any concerns raised are only helping Grampy McSame win.

    Time for me to take my unwashed ass back into my trailer, turn on COPS, open a Bud, and shut up.

    ¨An inglorious peace is better than a dishonorable war.¨ - Mark Twain

    by Indiana Bob on Sat Aug 23, 2008 at 09:59:38 AM PDT

    •  Obama is all knowing... (2+ / 0-)
      Recommended by:
      rockhound, eztempo

      ...as a strong supporter of Obama, I call Bul****t on your whine.

      It's the "few" who say you can't disagree with Obama.  The many of us don't believe that.

      If we were that automatic, we would have voted for the "obvious" democratic choice (and front runner) back in the Primaries.

      Disagree.  Hold his feet to the flame on an issue you feel strong about.  But keep your "unwashed ass back in your trailer" if you are going to judge him as "unfit" or "wrong" all because of ONE ISSUE.

      Case in Point "He isn't saying anything about the bankruptcy bill...therefore he is NOT about change!!"

      OH MY GAWD...how narrow and simplistic.  No one will EVER appeal to that person, and he/she must be terribly difficult to live with.

      "One and done" is what people supporting Obama disagree with.  Micro-managing one issue and stereotyping based on one vote is what Obama supporters disagree with.  Being narrow minded on one vote is what Obama supporters disagree with.

      And you SHOULD be held to task for it, if that is what you are arguing for.

      An open mind and a closed mouth will increase your knowledge and decrease your explanations.

      by Kretgar on Sat Aug 23, 2008 at 10:54:52 AM PDT

      [ Parent ]

  •  Killjoy Diary. Not Today Please. NT (1+ / 0-)
    Recommended by:
    Niniane

    -5.25, -6.31 "Fascism is capitalism plus murder." - Upton Sinclair

    by butchergirl on Sat Aug 23, 2008 at 10:05:19 AM PDT

  •  It doesn't sound much like you understand (1+ / 0-)
    Recommended by:
    dharmafarmer

    it very well.

    Here.

    Learn something from that very well written diary.

    Ignorance is the abomination. But with your help, it can be cured, perhaps in our lifetime.

    "As God is my witness, I thought wingnuts could fly".

    by Niniane on Sat Aug 23, 2008 at 10:06:11 AM PDT

  •  As a rebuttal, I will offer (3+ / 0-)
    Recommended by:
    eztempo, dharmafarmer, triv33

    this diary from earlier this morning.

    And leave it at that, cuz I don't much about this topic.

    "Go well through life"-Me (As far as I know) Newly added-You don't have to put an age limit on your dreams. Dara Torres-Beijing Olympics

    by MTmofo on Sat Aug 23, 2008 at 10:08:22 AM PDT

  •  I'm a Bk lawyer (3+ / 0-)
    Recommended by:
    SallyCat, exmearden, dharmafarmer

    The bill actually has two real bad parts.

    The credit counseling requirement - useless.

    The extend stay requirement on refilings - useless.

    The means testing hasn't really caused much pain.

    And most people can still file for bankruptcy with no difficulty.

    •  Paying for filing a bankruptcy (0+ / 0-)

      is where the difficulty lies. The costs of filing either a 7 or a 13 have risen astronomically (at least my part of the country - Seattle) since the 2005 act. Then couple that with the pre-filing credit counseling - though a small amount, it's often the small straw that heavily weighs down the camel - and many folks are too strapped to even file until they can come up with the $1200 to $3000 attorney fees.

      The means test in some areas of the country is skewed to an unreasonable and arbitrarily low boundary, as well, based as it is on wide-region averaged statistics.

      For families with children under 18 in urban areas, that income division that determines what chapter can be filed only reinforces a situation where one semi-catastrophic financial event endangers the creditor payback and the protection of bankruptcy.

      The current system doesn't allow a Chapter 13 filer to set aside emergency reserves and doesn't enable employer retirement compensation. For older filers, five years of creditor payback without retirement investment isn't going to stabilize the economic future for a lot of folks who rapidly decrease in earning potential the closer they get to retirement.

      "When Bigbad Shit come, no run scream hide. Try paint picture of it on wall. Drum to it. Sing to it. Dance to it. This give you handle on it." Kesey

      by exmearden on Sat Aug 23, 2008 at 11:19:33 AM PDT

      [ Parent ]

  •  I thought Biden voted for cloture (0+ / 0-)

    Then voted against the actual bill.

  •  It wasn't an abombination (0+ / 0-)

    It wasn't the opposite, either...it was just one of those incremental public-policy decisions that you can like or dislike, but honestly I don't see why it's demonized.  Someone makes a purchase--beyond their means, by definition, if they're headed for bankruptcy.  They don't pay cash for it, they charge it.  In other words, they get the thing or service they paid for, and they don't pay right now....so OK, they declare bankruptcy, and what happens?  If the bill didn't go through, the credit card company would have to eat it, which socializes the expense onto everyone who doesn't declare bankruptcy.  Or let's say they pass the expense along to credit card company shareholders.  Why is that better?  

    Bankruptcy doesn't mean debtor's prison any more, but that doesn't mean it should be a free and clear discharge of all debts, while the bankrupt party continues to enjoy all of the stuff they bought on credit.  Maybe the Biden-backed bill went a little too far on the side of creditors, but it's by no means the moral slam-dunk issue some people think it is.

    -5.38/-3.74 I've suffered for my country. Now it's your turn! --John McCain with apologies to Monty Python's "Protest Song"

    by Rich in PA on Sat Aug 23, 2008 at 10:32:29 AM PDT

  •  65% of minumum for interest (0+ / 0-)

    Right on man, now is the time for the bullshit to stop and make "changes"; enough of the talk and time for action to back up the talk.
    The Bankruptcy Act needs to be changed to support the people not bankers greed. Do this and ya get the vote.
    Master card kept posting my payment to the future balance,and I kept writing them to inform them that this is wrong,sent examples of how to add and subtract, but what did they do but punish me by increasing my minimum by over $100.00 a month with threats of more of the same despite my complaints. Stop these greedy corrupt bastards.

  •  This Bill Is My Biggest Problem With Biden (0+ / 0-)

    Delaware may have a lot of big banks and other corporations eager to haul over us citizens, but us corporeal citizens still outnumber the corporate ones.  

    Biden could have voted against it.  He could have come out against it big time, explained exactly what the bill was going to do to families, especially military families given the presence of Dover AFB. It would have made him a pariah to the big companies that donate all the money to him, but standing up for the right thing - they call that leadership.  

    This is my problem with Biden in a nutshell.  He's a message to Wall Street that Obama is not some wild eyed liberal who's going to actually, you know, change anything, no matter what it says on the plane.  Kind of like Cheney was going to keep little W in line.  

    I doubt if the election will be close in New Jersey, giving me the chance to write in Bruce Springsteen if I choose, though I'm kinda liking Paris Hilton after seeing her commercial.  And yes, I'll vote for Obama if I have to.  

    I just can't be enthusiastic.  I don't get him.  I want to believe.  I just can't, and with Biden on board, I'm probably lost for good.  

  •  As a bankruptcy lawyer... (1+ / 0-)
    Recommended by:
    planetclaire4

    ....I'll agree that the 2005 bankruptcy law is an abomination.

    But the worst effect is psychological.  I have to convince many people that the law doesn't prevent them from filing for bankruptcy, despite what other people tell them.

    The law was poorly written, but judges and bankruptcy trustees have been exploiting loopholes (like the "hanging paragraph", which has been interpreted to allow people to "cram down" negative equity on previous car loans rolled into a new car loan).  

    I'll be glad to see Biden out of the Senate so we can correct the inequities in the 2005 law...

    9-11 changed everything? Well, Katrina changed it back.

    by varro on Sat Aug 23, 2008 at 11:16:51 AM PDT

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