(March 18, 2005 -- 2:10 PM EDT)
Some conservatives would have people believe that only the far left is opposed to the current bankruptcy reform. That simply isn't true. Take a look here and here for well-articulated opposition to the bill from conservative law students.
Here's a great quote: "These credit card companies know about the information costs that consumers face and not only that, it is evident from the design of their websites and their billing strategies that they actively seek to increase information costs so as to extract supracompetitive profits from their customers. Needless to say, I have little sympathy for their pleas concerning consumer bankruptcy...I do not support the means test in the current bill, especially in light of opposition to credit card dislosure from the proponents of the bill, along with their refusal to end some of the mechanisms that those with more significant wealth facing bankruptcy can use to shield their assets."
