J IS FOR JUNK ECONOMICS: A Guide To Reality In An Age Of Deception

But in 2005, U.S. banks and credit card companies lobbied successfully to tighten the terms of bankruptcy, increasing their claims on the future earnings of debtors. For workers and homeowners, bankruptcy leads to forfeiture of property to foreclosing banks or other creditors. Wage earners also lose when corporations use bankruptcy (or the threat o

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