The Lincoln Plawg - the blog with footnotes
Thursday, March 10, 2005
MBNA bought Biden for barely more than the traditional thirty pieces...
Apparently, the foremost amongst the Foreclosure Fourteen, Delaware's Joe Biden, received just $90,000 from MBNA in the 2002 cycle, out of total contributions of $3.4 million (2002 was the last election he fought).
And the total he received under the heading of Finance/Credit Card Companies was just less than $110,000 .
This might be the investment with the highest rate of return that any of these companies ever made. And, with effective credit card interest rates what they are, that's saying something...
(My sense is that no one much on the Dem side thought going in that the bankruptcy bill (S 256) could be stymied, so the indignation has been correspondingly short-lived.)
The Times has a textbook he said, she said piece - but at least the tone is downbeat - and my source for the link, the Note gives just that one link and two lines on the bankruptcy bill.
Meanwhile, an AP piece shows the danger of the Schumer amendment, with the abortion issue overshadowing the utter badness of S256 itself. NARAL gets a namecheck. Eyes are everywhere except on the prize.
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