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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: Joe Biden is a hard-core liberal, and a bit more populist than Bernie [View all]mucifer
(23,538 posts)31. Hard core liberals aren't cozy with the banking industry
With Sen. Joe Biden joining the Democratic ticket, there's renewed scrutiny of Biden's connections to the credit card industry. Biden has been particularly cozy with MBNA, a financial services company from Delaware, and now a subsidiary of Bank of America.
Over the past 20 years, MBNA has been Biden's single largest contributor. And as the New York Times and Wall Street Journal note, Biden's son Hunter was hired out of law school by MBNA and later worked as a lobbyist for the company.
The Times also details just how helpful Biden has been to MBNA and the credit card industry. The senator was a key supporter of an industry-favorite bill -- the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" -- that actually made it harder for consumers to get protection under bankruptcy.
Over the past 20 years, MBNA has been Biden's single largest contributor. And as the New York Times and Wall Street Journal note, Biden's son Hunter was hired out of law school by MBNA and later worked as a lobbyist for the company.
The Times also details just how helpful Biden has been to MBNA and the credit card industry. The senator was a key supporter of an industry-favorite bill -- the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005" -- that actually made it harder for consumers to get protection under bankruptcy.
https://www.propublica.org/article/bidens-cozy-relations-with-bank-industry-825
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Joe Biden is a hard-core liberal, and a bit more populist than Bernie [View all]
Yosemito
Mar 2019
OP
Just like they did with President Obama. How did that work out for them?
Hassin Bin Sober
Mar 2019
#4