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Technology Stocks : SENATOR TORICELLI'S ILLEGAL STOCK DEALS AND WHERE'S THE DOJ? -- Ignore unavailable to you. Want to Upgrade?


To: Smartypts who wrote (11)6/10/2001 9:56:11 PM
From: Smartypts  Respond to of 13
 
How the Interest Groups See It!

Banks, credit card companies and credit unions have been leading the drive to rewrite of the nation’s bankruptcy laws. The American Financial Services Association, the trade group that represents the major credit card companies, joined other financial industry trade associations, Visa and Mastercard in 1998 to form the National Consumer Bankruptcy Coalition. The coalition has been the leading voice in favor of bankruptcy reform, contending that more than 30 percent of those filing bankruptcy have the ability to repay significant portions of their debts.
But the financial sector isn’t the only group lobbying on this issue. Gambling interests, including some of Las Vegas’ biggest casinos, also are pushing for a new bankruptcy law, according to their lobbying filings