Friday, February 03, 2006

The new bankruptcy bill is in force.

A federal Bankruptcy Judge Frank Monroe complained in a judicial decision about the manner in which the powerful consumer credit industry manipulated the legislative process to pass bankruptcy legislation that has no purpose except to make their industry more profitable at the cost to the nation, the economy and the group of troubled debtors.

TPM Cafe provides a discussion.

Excerpts from Judge Monroe's decision is found here.

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