Thought I responded to this before. Anyhow, f*ck you can't repeal the Soldiers and Sailors Civil Relief Act without f*cking every soldier serving overseas at the moment, and that's a whole bunch of them at the moment. Who is the moron behind repealing this so I can start blasting e-mails?


[[[smoke]]]

I haven't read much on it but it does look like both sides of the fence aren't very happy about it...

___________________
"...End? No, the journey doesn't end here. Death is just another path...one that we all must take.
The grey rain-curtain of this world rolls back, and all change to silver glass...and then you see it...
...white shores...and beyond...the far green country under a swift sunrise."

quote:

Originally posted by smokeape Thought I responded to this before. Anyhow, f*ck you can't repeal the Soldiers and Sailors Civil Relief Act without f*cking every soldier serving overseas at the moment, and that's a whole bunch of them at the moment. Who is the moron behind repealing this so I can start blasting e-mails? [[[smoke]]]

Not sre yet what the outcome of this will be. From how Bayh was talking it looked like current soldiers would also be affected, though the House still has to pass legislation and hopefully that'll be changed if this is the case. I know for certain that the proposed exemption for veterans was denied and they will be liable.

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As far as I'm concerned, Biden can kiss his 2008 hopes goodbye. His credibility is shot for good. Follow the money.....

quote:

Biden's been carrying MBNA's water on this issue for years. In 2000, when the plan was effectively stalled because a real Democrat named Bill Clinton was in the White House, he even tried to attach the bankruptcy changes to a foreign aid bill. Why is Biden such a big fan. Those less cynical than us might argue that, well, MBNA does employ a lot of people in Selaware. True -- but could it also be because MBNA is Biden's biggest contributor -- by a good margin. According to Opensecrets.org, Biden raised some $147,700 in contributions from MBNA employees from 1999-2004, his biggest source of campaign cash. Who is that in second? A law firm named Pachulski Stang Ziehl Young Jones & Weintraub, which gave $127,625 over the same period. And who are they, might one ask? Pachulski Stang is the nation's largest bankruptcy law firm with one of the most highly regarded bankrupty practices in the country. The firm's client list includes some of the biggest names in the entertainment industry as well as many of the most well-known businesses in the world. While we're at it, guess who Tom Carper's biggest donor is. By now, you should be shocked to learn that his No. 1 contributor is also MBNA Corp. at $127,447, dwarfing the next closest donor. But let's return to Biden, shall we? If you're not troubled by campaign contributions, there's more. Eyebrows were raised in 1996 when Biden sold his house for $1.2 million -- his asking price and more than a couple of a similar neighboring homes went for around the same time -- to an MBNA executive named John Cochran. In 2003, the New York Times reported this: The company also has ties to Senator Biden's son, R. Hunter Biden, a lawyer in Washington. Hunter Biden joined MBNA as a management trainee after graduating from Yale Law School and rose to be an executive vice president. Now a partner in Oldaker, Biden & Belair, a lobbying and law firm, he receives a $100,000 annual retainer from MBNA to advise it on "the Internet and privacy law," Mr. Freeh said. He added that Hunter Biden was not a registered lobbyist and did not lobby on legislation for the company. This is a perfect example of what has killed democracy in this country - money from corporations that funds the careers of our congressmen and our executive. The result is there for all to see - laws that favor special interests and corporations at the expense of we, the people. We have all but completly lost control over this government. It does not respond to our demands, to our needs, to our reality. Do I even need to remind you that this is not what the founders intended? http://www.pnionline.com/dnblog/att...ves/001551.html

Corporate interests knows no partisan lines (though they are clearly more in the Red than the Blue boundaries).

One other point I found interesting is an article I can't find which depicts the top 10 States that filed bankruptcy per capita.

Guess how many of those top 10 states were Red states?
(hint: >9).

___________________
Whence September dusk grows crisper still,
with leaves all crimson conquered,
I yearn to shout,
and dance about,
and stick pickles in my honker...

S 256 passed.

A little too late:

http://www.consumerlaw.org/initiati...etterS256.shtml

quote:

February 28, 2005 Dear Senator: The National Consumer Law Center, on behalf of its low income clients, writes to express our strong opposition to S.256, the "Bankruptcy Abuse and Consumer Protection Act of 2005." This bill would hurt many Americans who are facing financial problems due to job loss, transition to lower paying jobs, divorce, child-rearing, lack of medical insurance, or predatory lending practices. Although the economy has improved recently for some American families, there are millions of other families that continue to struggle. In fact, real incomes have declined since 1989 for the lowest sixty percent of the American population -- including especially single parent households. S.256 contains a shocking number of provisions which would have a severe impact on families who desperately need to preserve their homes from foreclosure and their cars from repossession, or to focus their income on reasonable and necessary support for dependent children. Here are just a few things the bill's sponsors have failed to discuss: * The key cause of the increase in bankruptcies is surely that more families owe more money. The amount of consumer credit outstanding increased from 789 billion dollars in 1990 to 1.7 trillion dollars in 2001. During this time, there was a steady increase in the amount of debt payments American families made as a percentage of their disposable income. Although the total number of bankruptcies has increased, the number of bankruptcies in relation to the amount of credit outstanding has actually gone down. * A big part of the equation is that some segments of the credit industry, such as credit card companies, make huge profits from lending to American families who cannot afford to pay big card balances and who therefore pay interest on those balances at rates of 29 percent or higher. It is not surprising that when the credit industry sends three billion credit card solicitations each year, they reach some significant portion of American families who will ultimately have financial problems. * The journal Health Affairs recently published a path-breaking joint study by researchers at Harvard Law School and Harvard Medical School that reveals alarming information about the medical causes of bankruptcy. The researchers found that illness and medical bills contributed to at least 46.2%, and as many as 54.5% of all bankruptcy filings. Families with children were especially hard hit - about 700,000 children lived in families that declared bankruptcy in the aftermath of serious medical problems. * Cutting down the number of bankruptcy filings will not result in savings for the credit industry or for other consumers. The vast majority of debt discharged in bankruptcy would not be paid back in any event, since the debtors involved simply cannot afford to pay. A number of studies have shown that the "means test" will raise little in new money for creditors. S.256 contains a variety of poorly conceived provisions which are discussed in more detail in our paper entitled, "What's Wrong with S. 256, Let Us Count the Ways ...". If enacted, S.256 would: * Subject debtors to a "means test" that fails to screen for abuse and instead penalizes honest debtors by imposing additional costs and filing burdens. * Create a "safe harbor" from the means test for low-income debtors, but still subject them to increased costs and filing requirements. * Require stricter scrutiny of low-income debtors' expenses in chapter 13 than higher income debtors and make some debtors too rich for chapter 7 and too poor for chapter 13. * Erode bankruptcy's fresh start by making more debts nondischargeable in both chapters 7 and 13. * Promote predatory lending by encouraging creditors to take liens on household goods of nominal value. * Create new creditor opportunities for reaffirmation abuses by weakening current debtor protections and giving creditors safe harbor from liability. * Undermine debtors' ability to save homes and cars in chapter 13. * Drastically reduce fundamental protections afforded debtors under the automatic stay. * Provide vast new opportunities for identity theft and other privacy invasion by making public tax returns and sensitive financial documents of consumers who file bankruptcy. As an organization which represents poor people, the National Consumer Law Center vehemently disputes the credit industry position that S.256 will not hurt low-income debtors. It is precisely those debtors who would be hurt the most. The myriad new procedural requirements together with the dozens of provisions which give creditors an opportunity to pursue new types of litigation against debtors will raise the cost of bankruptcy for all debtors. Other provisions will take away important rights under current bankruptcy law to save homes from foreclosure and evictions, and to challenge predatory lending practices. Now is not the time to cut back on the availability of a system which provides a second chance to the unfortunate in the form of a fresh financial start. Sincerely, Willard P. Ogburn Executive Director John Rao Attorney

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Last edited by ogvh5150 on Mar-11-2005 at 00:21

U.S. Senate Supports Identity Theft:

quote:

Often times, when you get your identity stolen, it destroys your credit and your entire finances. That’s why two days later Sen. Bill Nelson of Florida introduced legislation to exempt debtors from tougher bankruptcy laws if their financial problems were caused by identity theft. But in a Senate apparently owned by credit card companies and banks, it was voted down by a wide margin. Consider how disgusting that really is (beyond the truly unfathomable fact that the Senate didn't even care about its own staff members): Your bank can be responsible for losing your personal information and having your identity stolen, and then, when you are faced with the financial consequences of identity theft, your bank can actually use the situation to milk you for more money, because you now have almost no bankruptcy protections

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quote:

Originally posted by ogvh5150 U.S. Senate Supports Identity Theft:

Considering that it takes approximately 5 years worth of work to remove items from one's credit that resulted from idnetity theft, you'd think bankruptcy protection might be a good thing to have, rather than losing your house or car based on bills you never even charged. This bill is not in the interest of even one single American citizen, outside of politicians who gained heavy political contributions for supporting it. Bye bye Joe Biden '08 campaign.

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quote:

Originally posted by Fir3start3r I haven't read much on it but it does look like both sides of the fence aren't very happy about it...

those with well paying govt jobs seem to not worry|

___________________
'That's like telling a Kodiak bear to stop fcking older men.'

why is it that these people don't get into high power government seats with the intention to help the people who got them there? I would feel like an assmonkey if I fucked over the people i worked for. I say every TA who's got half a brain and wants to help run for senate or some shit. Just find someway to eliminate the pressure politcal leaders feel from contributors. I dunno just eliminate the option for political leaders to accept funds from anyone other than the taxes taken from the people.

quote:

Originally posted by altoid why is it that these people don't get into high power government seats with the intention to help the people who got them there? I would feel like an assmonkey if I fucked over the people i worked for. I say every TA who's got half a brain and wants to help run for senate or some shit. Just find someway to eliminate the pressure politcal leaders feel from contributors. I dunno just eliminate the option for political leaders to accept funds from anyone other than the taxes taken from the people.

still running for govt is about having the most money, and bending over the most to whomever a) has the most controversial issue and b) has the most money.

yea! freedom for the commonfolk!!

cripes, even the soldiers are getting fucked, isnt anyone paying attention?|

___________________
'That's like telling a Kodiak bear to stop fcking older men.'

Someone call John McCain & Russ Feingold. We've got to pass real campaign finance reform laws!

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Download My Spring '08 Mix Here

Thurs May 15: Influence @ Tini Martini w/ Kris B. vs. Nosmo, Rikler & Mike Palmeri
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Bankrupt no more: Congress passes bankruptcy bill

Where are those US flag waving, "Support our Troops" bumper sticker ribbon posting idiots now.

Especially now that this bill is pretty much in the bag once W signs it.



Move along now. There's nothing to see here people. Get back in your homes. Everything is under control.

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