Congress agrees, citizens shouldn't have the same right to bankruptcy protection as corporations.
July 26, 2002 8:39 AM Subscribe
Congress agrees, citizens shouldn't have the same right to bankruptcy protection as corporations. The Senate and House, after much lobbying by credit card companies, have decided that consumers don't need protection. Corporations can still file for bankruptcy, leaving stockholders and employees standing in the rain, but Joe Consumer had better not get sick, lose his job, or not pay that usurious 25% interest rate. This is the same bill that Clinton vetoed as being unfair to consumers...but we all know where this regime's loyalties lie...and it ain't the people.
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