DEPRESSION AHEAD, America!!!!
"Bankruptcies soar despite legal changes; 1.5 million filings predicted this year" by Mike Baker, Associated Press | April 14, 2009
RALEIGH, N.C. - The number of US businesses and individuals declaring bankruptcy is rising with a vengeance during the recession, despite a three-year-old federal law that made it much tougher for Americans to escape their debts, an Associated Press analysis found.
"There's no end in sight," said bankruptcy lawyer Bryan Elliott of Hickory, N.C., who is working seven days a week and scheduling prospective clients a month in advance. "To be doing this well and having this much business, it is depressing...."
Congress voted in 2005 to make bankruptcy more cumbersome after years of intense lobbying from the nation's lenders, who complained that people were abusing the system....
How much more proof you need they work for Wall Street and not you, America?
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