Joe Biden, who poses as a friend of the working man, has been helping credit card companies gorge on the downtrodden for years. In the mid-1990s the financial services industry started to try to stop people going bankrupt from erasing their debts. Republicans were the first to start the ball rolling, but it needed bipartisan support. So MNBA, the giant credit card company, became Biden’s second largest donor, contributing hundreds of thousands of dollars to his campaign.
Biden was one of the first Democratic leaders to support the bankruptcy bill, and he voted for it four times — in 1998, 2000, 2001 and in March 2005, when it finally passed in the Senate.
Travis Plunkett, legislative director of the Consumer Federation of America, a consumer group that opposed the bankruptcy bill, said that Biden had provided a “veneer of bipartisanship” so other credit card companies could sway other Democrats to vote for the bill. “He provided cover to other Democrats to do what the credit industry was urging them to do,” Mr. Plunkett said.
Meanwhile, guess who was signed by MNBA in a hugely lucrative lobbying deal? Biden’s son Hunter. And in addition, MNBA flew Senator Biden and his wife to the Maine coast, where Mr. Biden spoke; and its former chief executive, Charles M. Cawley, gave at least $22,500 to a nonprofit breast cancer fund started by Jill Biden.
Joe Biden, friend of the working man – coming to steal your last dollar.
COMMENTS
Please let us know if you're having issues with commenting.