Thank goodness the republicans are looking out for the little guy

[still_one]

Here is a nice summary I saw:

All the provisions to the new Bankruptcy laws proposed by Democrats were REJECTED by the Republican majority! It's OVER for Democrats! Democrats are powerless and can't do a sh!t now!

Amendment 15: To require enhanced disclosure to consumers regarding the consequences of making only minimum required payments in the repayment of credit card debt, and for other purposes.

REJECTED!

Amendment 17: To provide a homestead floor for the elderly.

REJECTED!

Amendment 24: To amend the wage priority provision and to amend the payment of insurance benefits to retirees.

REJECTED!

Amendment 28: To exempt debtors whose financial problems were caused by serious medical problems from means testing.

REJECTED!

Amendment 29: To provide protection for medical debt homeowners.

REJECTED!

Amendment 31: To limit the amount of interest that can be charged on any extension of credit to 30 percent.

REJECTED!

Amendment 32: To preserve existing bankruptcy protections for individuals experiencing economic distress as caregivers to ill or disabled family members.

REJECTED!

Amendment 37: To exempt debtors from means testing if their financial problems were caused by identity theft.

REJECTED!

Amendment 38: To discourage predatory lending practices.

REJECTED!

Amendment 42: To limit the exemption for asset protection trusts.

REJECTED!

Amendment 49: To protect employees and retirees from corporate practices that deprive them of their earnings and retirement savings when a business files for bankruptcy.

REJECTED!

[meow2u3]

1. This monstrosity ought to be renamed to reflect the truth

I hereby rename S. 256 the Corporate Loan Shark Protection Act of 2005 B.C.

[ET Awful]

7. I was thinking more along the lines of

BBFA (aka the Big Bank Fellatio Act).

[The_Casual_Observer]

2. It took the threat of potential violent overthrow to pass the new deal

The government is owned by the lobbyists, and this is what the credit card companies wanted.

[FloridaPat]

3. By "little guy" you meant the rich midgets right?

[Mr_Spock]

5. What would we be as a country if we bankrupt our rich midgets?

[still_one]

6. mais oui

[aden_nak]

4. The bit about identity theft scares me the most.

There's absolutely no logic to that one. . . I mean, someone could make a poorly thought out and callous arguement to defend most of the other rejections, but I can't imagine a logical arguement against the bit about excemption due to identity theft.