From a local paper up towards Bidens neck of the woods:
http://www.delawareonline.com/apps/p...809070371/1006 Quote:
To some, Joe Biden's image makeover as a blue-collar warrior is slightly at odds with the blueblood company he keeps in the corporate state.
Not only is Biden a neighbor to wealthy and powerful company titans and du Pont family members, he's thrown his weight behind issues and legislation that benefited Delaware's big banking interests.
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Imagin that, and Biden was there to help them all along the way:
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As president, Obama said he would make sure bankruptcy laws protect the interests of struggling families.
"They have spent millions to rewrite the rules with a bankruptcy 'reform' bill that puts the interests of the financial services industry ahead of American families," Obama's campaign literature says.
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"Now, we see he's (Obama) going back to politics as usual by picking someone like Biden. Biden is very much a Washington insider, who has long associated with lobbyists and whose supporters are trial lawyers. All those things suggest Obama is not what he says he was. And that's the central point about the choice."
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Not only has Biden been a recipient of campaign donations from the bank, he sold his house in Chateau Country to an MBNA executive. Biden's son, Hunter, worked for MBNA and later served as a consultant for five years until 2005.
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Charles Cawley, founder of MBNA and a political heavyweight, had enormous influence in the state, Stapleford said. When he spoke, people listened, including Biden, he said.
"We have a kind of culture of giving deference to the major players," Stapleford said. "It's like insider trading in that there's a small group of people who really know what decisions are being made and why. Party lines kind of blur when it comes to the serious allocation of resources."
Cawley said Biden is an "absolutely straightforward man."
"Nothing inappropriate ever happened or could happen. It's not in Joe's DNA," Cawley said.
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Bankruptcy is now 50 percent more expensive for consumers and fewer people are seeking relief, LoPucki said.
"The bankruptcy bill is an anti-populist bill. It pitted credit card issuers against debtors and Sen. Biden was on the credit card issuers' side," LoPucki said.
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"The evidence shows the law has harmed consumers," said Travis Plunkett, legislative director of the Consumer Federation of America. "Every member of Congress keeps an eye on home state business, but in my view members have obligations to all constituents, to consumers who have credit cards."
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If it took him nearly ten years to get a bankruptcy bill done, I hope Obama doesn't want him to take on anything really big as VP - they do know they get elected for only four years (if they get lucky the'll get eight):
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Biden's camp said the senator worked on the bankruptcy bill for nearly a decade, over five Congresses, to forge a bipartisan compromise. He had to make tough calls, Wade said.
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Woo-who... Biden helps out the banks, and then gets a few more judges for his state to help make sure those banks get the protection the new bill gives them.
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Biden pleased more than the banks with the passage of the bankruptcy bill. He became a hero to many in the state's legal community.
As part of the 2005 bankruptcy reform law, the U.S. Bankruptcy Court for the District of Delaware, which sits in Wilmington, got four new judges.
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Seems like the folks in Delaware know, if Joe makes it into the white house they can continue to count on him to take care of Delaware first. - No way will Joe forget where he came from.
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"Joe's candidacy is extraordinarily good for Delaware," said R. Franklin Balotti, a corporate lawyer in Wilmington and a registered Republican. "I can't imagine Joe forgetting where he comes from when he gets to be vice president, which I expect he will."
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