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flpoljunkie

(26,184 posts)
Thu Jun 6, 2019, 01:02 PM Jun 2019

Joe Biden and Elizabeth Warren and the 2005 Bankruptcy Bill

Warren’s quarrel with Biden isn’t personal. It’s about a 2005 bankruptcy bill he supported as a senator. Warren opposed the bill so vehemently that its passage inspired her transition from a Harvard bankruptcy law professor, who studied middle-class economics, to a senator and now a presidential hopeful.

“I got in that fight because [families] just didn’t have anyone and Joe Biden was on the side of the credit card companies,” Warren said after an April rally in Iowa. “It’s all a matter of public record.”

The bill made it harder for individuals to file for bankruptcy and get out of debt, a legal change that credit card companies and many major retailers had championed for years. The bill passed Congress with large majorities, but most Democratic senators, including Barack Obama, voted no. Biden voted yes and was widely seen at the time as one of the bill’s major Democratic champions.

https://www.vox.com/policy-and-politics/2019/5/6/18518381/baccpa-bankruptcy-bill-2005-biden-warren

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Joe Biden and Elizabeth Warren and the 2005 Bankruptcy Bill (Original Post) flpoljunkie Jun 2019 OP
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