bankruptcy

[Doug Henwood]

My bankruptcy sources say that Nathan's picture of the Dems is - 
surprise, surprise! - a bit too upbeat. First of all, many supported 
the bill initially, and are now a bit embarrassed as the economy's 
weakened. But important Dems are still doing the work of the 
creditors' lobby - e.g., Biden (he's the senator from MBNA, after 
all); Schumer's Wall Street friends have him supporting a version of 
reform; and Daschle is "quietly moving the bill along, behind the 
scenes." Others are lying low, out of embarrassment.

Doug