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Dark Brandon, first as farce, now as tragedy
(hexbear.net)
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this post was submitted on 04 Jul 2024
145 points (96.2% liked)
politics
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Yep.
Biden was a key bipartisan supporter of the Bankruptcy Reform Act of 2005 that made it easier for lenders to squeeze money from distressed families trying to file for bankruptcy.
Biden repealed parts of the Glass-Steagall Act, allowing commercial banks, investment banks, and insurance companies to consolidate (Gramm-Leach-Bliley Act of 1999), and directly set us up for the 2008 financial crisis that caused huge wealth consolidation in America.
He voted for the Tax Reform Act of 1986, which lowered the top marginal tax rate from 50% to 28%.
Hell, even at various points in the debate he was incoherently complaining about these things like he didn't directly contribute to this bullshit.