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Reply #43: It isn't the bankruptcy bill? Really? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
SOS Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-07-07 10:55 AM
Response to Reply #3
43. It isn't the bankruptcy bill? Really?
Here's the sentence you disingenuously edited from the Tribune story:

"Obama joined Sarbanes in voting against the amendment, but they lost the larger battle when the new bankruptcy law passed by a lopsided 74-25. There remains no federal ceiling on credit card interest rates."

So Obama voted against the 2005 bankruptcy bill and against codifying into law the loan shark rate of 30%.

The amendment should have been a reintroduction of the 1991 D'Amato limit of 14%.
But by 2005, none of them, including Obama, Clinton and Edwards, had the courage to introduce a decent limit, as D'Amato did in 1991.




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