Join the Billionaire Action NetworkContact Us
Get Billionaire Updates

HTML email
Plain text email

     

Billionaires Celebrate the New Bankruptcy Law

President George W Bush,

Robber Barrons everywhere,

and this guy

in conjunction with a pro-big business Senate
docile Democrats,
and a Government of, by, and for the corporations

proudly bring you...

The Bankruptcy Abuse Prevention and Consumer “Protection” Law*

*(AKA The Corporate Reach Around and Consumer Exploitation Act)

ATTENTION!

Credit Card Companies and Billionaires for Bush announce initiative to rebuild the Gulf Coast, create jobs and provide homes for the "underpriviledged" victims of Hurricanes Katrina and Rita!

Victims who cannot pay back their debts but are no longer able to file for bankruptcy under the new law (most Americans), are encouraged to join the

"Special Katrina Reconstruction for Embattered Workers With Emaciating Debt" Project (AKA SKREWWED)

SKREWWED is a "win/win" for banks and debtors alike!

$ By providing jobs for workers who lost everything, our banks postpone[i] monthly payments as workers come back to the Gulf Coast and help rebuild their NEW HOMES!

$ Built of concrete, metal and strudy cinder blocks, these new communities for the poorest of Katrina's victims will provide a safe haven.

$ Who says you can't have it all? Always wanted that luxurious, gated community feeling but never had the income to pay for it? Don't worry! All new SKREWWED communities come complete walls that are 6 foot thick, 40 feet high and rimmed with barbed wire. We've even thrown in multiple guard towers with round the clock armed protection by trained snipers, all at no extra cost!

$ Act fast! With the new Bankruptcy Law in effect October 17th, millions of Americans are bound to sign up to be a part of these exciting new communities.

$ Don't believe the rumors! Though formerly known as "Debtors' Prisons" in the late 19th century, know that these new models are upgraded to house all the latest technology. With the finest flat screen televisions[ii] taxpayer money can buy, you're bound to enjoy your new home until you can get on your feet and pay back what you owe[iii].

So sign up today for your chance to build your own cell!!!

[i] No debts will be forgiven, only postponed, WITH interest, until that time you can resume payments.
[ii] Flat Screen televisions are located only in the officers' lounge and guard towers.
[iii] Monthly payments under the new law may last as long as 7 years, 5 on average.


Sponsored by,



There are many debts that corporations can write off, (ENRON) for everyone else, there’s Poverty


Debt, we're everywhere you'll ever be.

Discover the card that gives you something back: A life of indentured servitude to our banks

American Repossess: Don’t Buy a Home Without It!




Bankruptcy Heroes:


Donald Trump
  • Filing for Chapter 11 protection so your casinos can clear 1.3 Billion in Debt:

    $600.00
  • How much you fellow bankers spent lobbying Congress to pass the new bankruptcy law:

    $35 million [i]
  • Law that gives your bank stronger enforcement powers to collect on the most vulnerable Americans:
    Veterans, seniors, victims of identity theft and folks with medical problems?
  • $ PRICELESS $


Sen. Joe Biden (D) Delaware
  • Campaign Contributions from commercial banks 1991 – 2002:

    $107,250

  • Cost to photocopy new Bankruptcy Bill written by and for OUR Credit Card Companies:

    $50

  • Willingness to sell out the American People in the name of MBNA?

  • $ PRICELESS $


(Ugh) "Fair" Amendments Proposed By A Few Democrats Beholden to the Special Interests of Ordinary Americans:

…And rightfully rejected by Republicans:

  • S. Amdt 16 (Durbin): To protect service members and veterans from means testing in bankruptcy, and to disallow certain claims by lenders charging usurious interest rates to our service men and women. REJECTED
  • S.Amdt. 38 (Durbin): Discouraging predatory lending practices REJECTED
  • S.Amdt. 42 (Schumer): To limit the exemption for asset protection trusts. REJECTED
  • S.Amdt. 28 (Kennedy): To exempt debtors whose financial problems were caused by serious medical problems from means testing. REJECTED
  • S.Amdt. 29 (Kennedy): To provide protection for medical debt homeowners. REJECTED
  • S.Amdt. 31 (Dayton): To limit the amount of interest that can be charged on any extension of credit to 30 percent. REJECTED

Rep. Denney Hastert (R) Ill.
and the Entire GOP Pledge to Make Those Vets PAY!!
Bring Back Debtors’ Prison!!
HUZZAH!!!

And what did we keep in the law?

  • The loophole that allows the use of asset protection trusts.
    What are Asset Protection Trusts?

    - Offshore trusts where our fellow Billionaires and Millionaires keep OUR money out of the reach of domestic creditors.
  • “Hey Congress! Thanks for looking out!”

    $ $ $

    The Bankruptcy Abuse Prevention and Consumer “Protection” Law*

    *(AKA The Corporate Reach Around and Consumer Exploitation Act)

    Written by, for, and to benefit OUR Credit Card Companies at the Expense of Average Americans


    [i] http://www.mountvernonnews.com/local/031905/edit.credit.card.html

     


 

New
Billionaire CD!
Stay the Course!
Stay the Course!

You decide
what you pay
per song!

Give 'em a listen!
Click here.


The
2008 Billionaire
Wall Calendar


The 2008 Billionaire Wall Calendar!

The 2008 Billionaire Wall Calendar! Click here.


Now Available
on DVD!
Get on the Limo! Click Here Now!

Own yours today.
Click here.

Catch the trailer at GetontheLimo.com

(Website requires Flash Player 8)

Whistle while you plunder: Buy our Music CDs


Watch The Big Business Minute On INN! Click Here Now!

Watch the archives on the I.N.N. website, including a clip show of the first season,




Social Insecurity Calculator

See how much privatization will cost
taxpayers while we
reap billions!




Discover your
Billionaire name!





 

Email This Site | Site Map | Privacy Policy