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March 17, 2005

Bankruptcy News Coverage

There was some news coverage opposing the bankruptcy bill on Thursday. The SF Examiner has this editoral by Darrell Salomon. The SF Chronicle ran Robert Scheer's Tutorial In Greed. The Chronicle had a front page story that is quite good, and another editorial by conservative columnist Debra Saunders.


I am ashamed to note that every Republican senator in Washington voted for this special-interest bonanza. These so-called conservatives should believe in the market and chastise irresponsible lenders.

In addition, 18 Democratic and one independent senator voted yes. "Many Democrats and Republicans saw this as what is seen in Washington as a free vote," Plunkett noted. That is, important interests wanted a "yes" vote, and there was little opposition. "There's no lobby for future debtors," Plunkett added.

As it turns out, the negative media attention has turned up the heat. Yet Plunkett sees a "very, very slim chance" of defeating the bill.

Posted by tunesmith at March 17, 2005 11:21 PM

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