House of Cards How Joe Biden helped build a financial system that's great for Delaware banks and

[CentralMass]

terrible for the rest of us.

About Mother Jones: https://www.motherjones.com/about/

https://www.motherjones.com/politics/2019/11/biden-bankruptcy-president/
"House of Cards
How Joe Biden helped build a financial system that’s great for Delaware banks and terrible for the rest of us."

Note: This is an in depth article that discusses the history and unique laws of the state Deleware and how it has impacted the banking and financial industries in this country along with Joe Biden's role in supporting deregulation and other baking related legislation.

It is worth the read.

[True Blue American]

1. I watched what Joe

Did for 8 years, along with Obama. Now,I want to know what he plans to do in the next 4 years.

[CentralMass]

3. The impact of the past on the present and the future can not be ignored.

Maintaining the status quo when the middle class is in a downward spiral in is not acceptable. We don't need more bad decisions and compromise and hearing what can't be done.

[MontanaFarmer]

5. Agreed.

So sanders' past views and statements should be considered as well, correct? I've been told of late on this board that only what he says and does now matters, so I'm looking for some clarification.

[CentralMass]

6. What some bullshit about Cuba ? Weigh that against decades of votes

and even authoring of bills and ammendments that allowed the finacial industry to become a unregulated predatory entity that took this country to its knees. Or decusion like voting fir the Iraq war.

[MontanaFarmer]

8. Just asking.

You could pick a socialist country, repressive or not, and there'd be a good chance Sanders has given them some love. I'm not going to defend every vote Biden took, especially on behalf of the banking industry. I just trust him more to run ther government than a guy who currently has people standing at his podium calling for a radical socialist makeover of this country.

[CentralMass]

15. The country has some profound issues to deal with.

We have a generation of kids and in many cases their parents that are going to hamstrung with college loans for the bulk of their lives. The available jobs pay little and rents are high. There was just a report that the typical American worker can no longer afford a family on a years salary. Look at the homeless population in any city in the country. The number of homeless kids.

I like Joe Biden but I remember reading about comments he made at abig $ fundraiser lastJune where he told the would be donors that "If I am elected nothing will fundamentally change". I believe him.

So yes, I think we need someone who is going to change things. The priorites have to be changed .

[Squinch]

9. And BS's past accomplishments!!!.... oh wait. Nevermind.

[MontanaFarmer]

12. You said it!

[House of Roberts]

2. Add to his bankster support his ramrodding on the 1996 Telecommunications Act,

which allowed big money to control our media in fewer and fewer hands, and Joe Biden has done more to comfort the comfortable, and afflict the afflicted, than any Dem candidate in my lifetime.
Then, on the first night of his 'official' campaign, he attends his first fundraiser at David L. Cohen's home, Comcast's chief lobbyist, and you have to wonder if he's already in their pocket too. There goes your chance for bringing back Net Neutrality. Without Net Neutrality, the Internet eventually becomes hostile to the Dem party, except for the 'establishment' corporatist neoliberals.
Joe wasn't called Senator MBNA for nothing.

[evertonfc]

4. who cares

[yaesu]

7. My main concern with Biden is that he helped strip bankruptcy protection from millions just

before the last recession. He pushed for & voter for the 2005 Bankruptcy Bill. Warren was very unhappy with him doing so & has bought it up during debates. I'm just not sure he has we the peoples best interests in mind.

[MichMan]

16. The bankruptcy bill had overwhelming support by both parties

The bill passed the Senate 74-25 and the House 302-126.

Dont understand why people think Biden single handedly passed it into law

[Squinch]

10. Nervous?

[ancianita]

11. He contributed to the DE system that was already IN place at the ratifying of DE as the first state.

Delaware has been on the second tier of the U.S. tax haven pole for the world since before Biden showed up teaching corporate law and commuting to DC.

Delawareans get a patriotic glow from living in the First State to ratify the Constitution. But from 1899 on, DE's government, established what they called General Corporation Law, and advanced corporate interests at the expense of shareholders and other stakeholders getting redress. Long before WWI, DE was already being accused of leading the country in a "race to the bottom."

Sure, Biden knows all about Delaware being the largest extra-jurisdictional tax haven in the U.S., with Nevada about to take over. Its banks were way ahead of him for a couple of centuries.

While all this tax hoarding appalls us, it's been around since the 19th Century. Knowledge of Delaware as THE incorporation state has been around along time, too; but only on a 'need to know' basis for Americans in general. Over half of US publicly traded companies and nearly 2/3 the Fortune 500 are incorporated in Delaware, mostly at 1209 Orange St in Wilmington.

A truly great read on the map of corporate and private global hoarding, etc. is in the classic, Treasure Islands -- Tax Havens and the Men Who Stole the World (2011) by Nicholas Shaxson.

[ancianita]

13. K&R

[PubliusEnigma]

14. Joe's support is coalescing. You can almost feel it, huh?