I started here at a place called Impact Lab where it says “2005 Bankruptcy Law Changes Causing Subprime Loan Scandal.” I continued on to a Business Week article titled, “Bankruptcy Reform Bites Back.” Then I came across the great CommonDreams.org where an article titled “36 'Democratic' Senators Vote For Credit Card/Banking Industry's Bankruptcy 'Reform” was published six years ago. It shows that John Edwards and Hillary Clinton both voted for it along with other Democrats who sold out the American people. And then I see Citigroup was involved in Tom Daschle’s district…
…Citigroup has invested hundreds of thousands in Barack Obama and Hillary Clinton. John Edwards has Citigroup invested in him but the amount has not been disclosed on WhiteHouseforSale.org.
I’m not even looking at the 2005 vote which I already know Obama voted for and supported because Public Citizen castigated him for it (and I applaud them for that). I bet Hillary voted for it too.
So, are these bankruptcy reforms that were passed…Were they part of some plan created from figures and statistics on the future of the credit/banking industries, etc. by the credit/banking industries, etc. to pass these laws making it harder for Americans because they knew the subprime loan disaster was going to occur?
Who decided to put together these reforms? The people lobbying for the credit/banking industries, etc. who asked for it and who lined the pockets of politicians to do for them what they wanted done. And they are happy to know that the politicians delivered and would still deliver today if they asked for another reform, which is why they donate graciously to Democrats and Republicans.
In closing, when you connect it all like that, and make a suggestion of prior knowledge that something would happen where they would take a hit and they should pass regulations to avoid it, it hits you hard to think that could happen. It hits you even harder to think politicians, ones who are running for president now claiming they will fix the problem, voted for it and condoned it. And in the mess we are in, what we do when we have Spineless Jim the Democrat to choose from whom gladly accepts re-election money as reward for passing reform or Dogmatic Lunatic Corporatist Mitch the Republican who is hoping to get a job from the industry pushing for the reform after retiring next year if he is not subpoeaned for being corrupt? With no third, fourth, or fifth option, what do we do?
Rather than pursue that question, let me just put the onus on the American people. Get creative and the rock of economic burden will be lifted from upon you. When you let go of your conventional wisdom and act outside of your preconceived boundaries, the change you desire will occur. But only through fearlessness and courage and a desire to fight for what should be done rather than what can be done will we able to get out from under the mountains of debt we are incurring in this nation, which drags our productivity and sustainability down more and more each day.
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