What Happens When Elizabeth Warren Sells Out to Powerful Interests?

[Buzz cook]

18. What happens when people realize that Biden has sold them out many times?

https://www.propublica.org/article/bidens-cozy-relations-with-bank-industry-825#

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.

https://www.vox.com/2019/1/10/18173132/joe-biden-hillary-clinton-2020

Biden is in no better a position. He spent his whole career in the Senate representing Delaware, a major center of the consumer credit side of the banking industry. He was so close to the local banking giant that he was jokingly referred to as “the senator from MBNA” (which has since been bought by Bank of America).

This made him, among other things, a champion of mostly GOP-supported legislation in 2005 whose aim was to make it more difficult for hard-pressed families to discharge their credit card debt in bankruptcy.

https://www.washingtonexaminer.com/news/middle-class-joe-cozied-up-to-credit-card-companies-and-made-filing-for-bankruptcy-harder

In February 1996, MBNA executive John Cochran bought Biden’s home outside Wilmington for the full $1.2 million asking price, while other similarly appraised houses at the time sold for around $100,000 to $200,000 less than asking price. MBNA then paid Cochran $330,115 that year for moving expenses and noted that he lost $210,000 due to the sale of his Maryland home.

Funny that a biden supporter would try to attack Warren from the left.