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Reply #38: Wow, Edwards wants to reverse the bankruptcy "reform" bill. [View All]

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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-28-07 09:25 AM
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38. Wow, Edwards wants to reverse the bankruptcy "reform" bill.
Edited on Sat Apr-28-07 09:29 AM by w4rma

A big part of this foreclosure crisis is that nonexistent oversight of lending companies under the Bush administration allowed them to sucker people into loans that would be almost impossible to pay back. It should come as no surprise that Bush put the wishes of big financial firms first, since credit card giant MBNA has been his single largest corporate donor. Edwards' platform includes legislation to help stop predatory lending, which he recently called a "shameful practice" that is "compromising our strength as a nation."
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