2008-11-16 — ritholtz.com
The number of personal bankruptcy filings jumped nearly 8 percent in October from September, after marching steadily upward for the last two years, said Mike Bickford, president of Automated Access to Court Electronic Records, a bankruptcy data and management company.
...
Let me remind you that this bill was pushed by the credit card industry — mostly based on claims that were factually inaccurate. Now, the same industry weasels who pushed this legislation thru are going back to DC begging for TARP money and a handout.
This will continue.
And Ritholtz is right on. And let me add that "The Big O", in his agitating for the bailout bill, didn't bother to demand that the privileged status of mortgages enshrined by the 2005 bankruptcy bill be reversed.
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