Liz Pullam Weston is pulling no punches. She begins her column today with “The Bankruptcy law from two years ago should be renamed the Drive More People into Bankruptcy Act of 2005.” She notes that creditors seized on the tighter bankruptcy laws “to crank their wide-open spigots even wider” so that revolving debt per household rose at a real rate of 4.6%, the steepest increase in five years.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250810