Say It Ain’t So, Joe! Biden & The “Bank” Connection
by Charles Feldman on August 25, 2008
The ink has hardly dried on the newsprint announcing Joe Biden as Barack Obama’s vice-presidential pick, when the New York Times today runs a story raising serious questions involving Biden, his lawyer son and the MBNA Corporation, which was bought by Bank of America two years ago.
According to the paper, while Sen. Biden was bucking fellow Democrats and joining rival Republicans in a successful effort to change the bankruptcy laws so that they would be more favorable to the banking industry and less so for consumers, Biden’s son was being paid some $100 thousand a year to consult with MBNA, which happened to also be one of the driving forces behind changing the rules for the credit card industry.
Says the paper : “…Mr. Biden’s (Senator) Democratic colleagues often voiced their frustration with the big financial interests arrayed against them. Senator Paul Wellstone specifically cited MBNA during a floor debate in March 2001 over his call for stronger protections for debtors forced into bankruptcy because of medical bills–an amendment that Mr. Biden would later vote against.”
Is this the sort of “change” Barack Obama has been talking about???
For More Commentary, Check Out www.notimetothinkbook.com The Official Website Of THE Media Book Of 2008–No Time To Think
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Article Author:
Charles Feldman
Charles has written 495 articles for the site.
Visit Charles's Website: http://www.thefeldmanblog.com
Charles Feldman (G+, Twitter) is an investigative television, radio, & print journalist as well as a media consultant.
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Say It Ain’t So, Joe! Biden & The “Bank” Connection
by Charles Feldman on August 25, 2008
The ink has hardly dried on the newsprint announcing Joe Biden as Barack Obama’s vice-presidential pick, when the New York Times today runs a story raising serious questions involving Biden, his lawyer son and the MBNA Corporation, which was bought by Bank of America two years ago.
According to the paper, while Sen. Biden was bucking fellow Democrats and joining rival Republicans in a successful effort to change the bankruptcy laws so that they would be more favorable to the banking industry and less so for consumers, Biden’s son was being paid some $100 thousand a year to consult with MBNA, which happened to also be one of the driving forces behind changing the rules for the credit card industry.
Says the paper : “…Mr. Biden’s (Senator) Democratic colleagues often voiced their frustration with the big financial interests arrayed against them. Senator Paul Wellstone specifically cited MBNA during a floor debate in March 2001 over his call for stronger protections for debtors forced into bankruptcy because of medical bills–an amendment that Mr. Biden would later vote against.”
Is this the sort of “change” Barack Obama has been talking about???
For More Commentary, Check Out www.notimetothinkbook.com The Official Website Of THE Media Book Of 2008–No Time To Think
No related posts.
Charles has written 495 articles for the site.
Visit Charles's Website: http://www.thefeldmanblog.com
Charles Feldman (G+, Twitter) is an investigative television, radio, & print journalist as well as a media consultant.
You May Also Be Interested In...