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Friday, May 02, 2008

Consumer bankruptcies up 48%

Their big mistake was not being worth billions and having connections to the highest levels of Congress and the Administration. If they did, they too would receive billions upon billions and nobody would ask questions and everyone could live today as they did yesterday. Polite company doesn't ask uncomfortable questions about money. Especially when it's not even theirs to shovel out. What do the Democrats have to say for themselves now? They all too easily allowed the banks to get their bankruptcy law and then bailed out the damned banks without question.

Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said.

The 92,291 bankruptcy filings in April also marked an increase of 7 percent from March, the non-partisan institute said.

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