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DIAMOND LAW on Bankruptcy and Related Topics

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Lobbyists Win and Congress Screws Its Constituents

  
  
  
  
  
 

Parties in control of Congress change, politicians that control the parties change, but it appears regardless of which party has the upper hand, the one thing that never changes is the people behind the scenes controlling the show.   The bankruptcy  bill that would give some protection back to the consumer is now stalled in the Senate, on the other hand, provisions that give businesses additional rights in bankruptcy, especially against the average guy trying to hang on to his job and support his family, is quietly moving through Congress and will probably end up being approved.  There is also another law that received a great deal of publicity, when it passed Congress, dealing with the abusive tactics used by banks and other companies issuing credit cards.  There is now a new proposed law that has been introduced in Congress that would push back the time that the law goes into effect by several years. 
After you read this, I hope you are as angry as I am and you contact your representatives.

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