Bankruptcy Backfire! Is Bankruptcy “reform” Biting The Hand That Fed It?
By Warren Graham

California Title Loan Company Is Proud to Announce The Launch of 123FundMe.com - 3 Steps to Unlock The Equity in Your Car
3 steps is all it takes to free up the cash locked in your car, California. Title loans are a great vehicle to access necessary funds for auto repair, medical emergencies and other short-term cash needs. In 3 quick steps, consumers can gain access to critical cashflow without needing to take the bus. (PRWeb Dec 2, 2008)

it seems, everyone was an internet or high tech millionaire on paper, Congress was amenable to reform to address real or perceived abuses. The banks had the will and the cash to finance legislation and, after years of almost getting there, finally got to the “Promised Land” in 2005. By contrast, consumers, many of them unsophisticated, who had been given credit cards as if they were candy, with low “teaser” rates, just couldn’t resist the lure of easy credit, big screen TV’s. Predictably, they acted irresponsibly. But while the lobbyists worked their magic for MBNA and Chase, the consumer had no lobby with which to oppose reform. I’m sure that for the most part, they had no clue as to what was in store for them. Those consumers in the lower economic strata still have no lobby, but they will still be eligible for Chapter 7 relief. The challenge for the banks is the pain is moving up the ladder to the middle class homeowner. The howling is bound to be heard, and soon.

Warren R. Graham
Copyright 2006