There really is no substitute for bankruptcy protection. But, the banks went out and lobbied to make sure that they were going to be exempt from the bankruptcy laws, and now they will not even provide the modest relief that is provided on Federal loans for people who end up in terrible financial circumstances. I think this is wrong.
Elizabeth Warren: “There really is no substitute for bankruptcy protection. But, the banks went out and lobbied to make sure that they were…”
Editor's note · Context
Warren argues for bankruptcy protection and criticizes banks for their lobbying efforts.
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