Bankruptcy Reform: Designed to Protect Big Business

Topics:
Bankruptcies,
Commercial Lending
Tags:
Bankruptcy,
Business Operations,
Financial Services Industry,
Litigation,
Pointshop
Source:
Pointshop

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Overview: Who will benefit from the new bankruptcy reform laws? The financial services industry and other big business groups, that's who. These groups contributed millions of dollars to elect Bush and other Republican candidates in 2000 and 2004, with the goal of overhauling the bankruptcy system. They and other big business groups have continued to spend millions, rage arguments and lobby persistently for bankruptcy reform. In March 2005, with the House and Senate loaded top heavy with Republicans, they succeeded. The financial services industry includes the banks, credit unions, the American Bank Association, credit card companies and retailers.

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Format: HTML | Pages: 4

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