Mrs. Clinton, Ms. Warren later recalled, asked to meet with her. Sitting down for a lunch of a hamburger and French fries after giving a speech in Boston, Mrs. Clinton peppered Ms. Warren with questions about bankruptcy law. “She said, ‘Professor Warren, we’ve got to stop that awful bill,’ ” Ms. Warren said in a 2004 interview with Bill Moyers.
Mrs. Clinton took a strong interest in the fate of the bankruptcy legislation, and President Bill Clinton vetoed it in late 2000. But its supporters pressed on, and in 2001, as a senator from New York, Mrs. Clinton was among 83 senators who voted in favor of overhauling the bankruptcy system, a group that included 36 Democrats.
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“Had the bill been transformed to get rid of all those awful provisions that had so concerned First Lady Hillary Clinton? No,” Ms. Warren wrote. “The bill was essentially the same, but Hillary Rodham Clinton was not.”
She wrote that as first lady, Mrs. Clinton had been “willing to fight for her beliefs.”
“As New York’s newest senator, however, it seems that Hillary Clinton could not afford such a principled position,” Ms. Warren added.
“Campaigns cost money, and that money wasn’t coming from families in financial trouble.”
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Ms. Warren later cited Mrs. Clinton’s campaign fund-raising from the banking industry as a factor in her vote. Mrs. Clinton represented Wall Street as a senator, but as she made the case for the legislation, she talked about small credit unions around New York whose members suffered, she said, when the credit union had to cover bankruptcy losses.
Though the Senate passed the legislation in 2001, it did not become law. Congress eventually agreed on an overhaul in 2005; Mrs. Clinton was absent for that vote but expressed disapproval of the legislation. As a House member, Mr. Sanders voted no on that chamber’s version of the bill in 2001, and he also voted no on the 2005 bill.
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But Charles J. Tabb, a law professor at the University of Illinois who opposed the legislation, said Mrs. Clinton’s vote “shows the power of the consumer credit industry and our campaign finance world.”
“She did a 180 once she became senator,” he said. “It was galling.”
http://www.nytimes.com/2016/02/07/us/politics/the-vote-for-bankruptcy-reform-that-haunts-hillary-clinton.html?_r=0
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