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You're browsing: Archived News » 2006 HSBC, In the U.S., Predatory Lending, Scams, Who's Who in 06 » Article Title: Senators Paid to Back Bankruptcy Reform – By Credit Card Industry

An analysis of the contributions shows that senators who voted to pass the bill raised an average of nearly twice as much between 1999 and 2004 from the finance and credit industry as those who voted against the bill. The bill’s supporters received an average of $36,600 from the industry during the six-year timeframe, while the measure’s opponents raised an average of $20,221.

Here is the article – and here is the chart that shows how donations were dispersed. Notice HSBC and Metris, and how much HSBC gave to senators. As gasoline prices and Medicare costs rise, tough decisions face Americans. Lawmakeers already knew about these issues and closed the door.

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