Loading ...How Middle-Class Families Go Bankrupt
September 4th, 2006
This is one of those times when the imbalance in lobbying [power] could not have been more grotesque. I had people in Congress tell me that they had two and three and four [credit industry] lobbyists come by to see them every single day for months on end. There was no one to lobby for families in financial trouble … It’s just not fair.
From WRH:
This legislation didn’t pass by accident: it passed because it gave more power for lenders to squeeze some sectors of the middle class nearly out of existence, and make more money doing it.
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