Jean Mccormick Robert News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Solidly middleclass folks and more than 90 in bankruptcy because of a medical problem, a job loss, or a family breakup. The squeeze on the middle class was getting tighter, and more and more families were deep in debt. Bankruptcy was their last option to scratch their way back to dead flat broke and tried to build some kind of future. Credit Card Companies saw this and they figured out that they could boost the profits if the squeeze these people a little harder. So they wanted to change the bankruptcy laws so that hundreds of thousands more people every year would be locked out of bankruptcy and left mired in debt. Their profits by squeezing people, drowning in medical debt and deal with job losses. I was truly appalled. Now, understand how this fight shape the. Credit Card Companies were smart. They had already led to a lot of powerful folks to support them, both democrats ....

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