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Bankruptcy / Credit Card Industry #637617

NBC Evening News for Thursday, Mar 15, 2001
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(Studio: Tom Brokaw) Stock Market Report.

(White House: Campbell Brown) Congressional moves to overhaul the nation's bankruptcy laws featured; details given of the new legislation requiring more debt repayment. [Computer technician Tom HORRIGAN - talks about his credit card debt.] [Consumers Union Frank TORRES - says debtors will have to jump through more hoops.] [American Bankers Association Ed YINGLING - calls for debt payment.] President Bush's promise to sign the bill noted.

(Studio: Tom Brokaw) Report introduced.

(Capitol: Lisa Myers) The power of money in politics examined by looking at the credit card industry's lobbying for bankruptcy reform; statistics cited on campaign contributions by credit card companies and banks, including MBNA, the biggest donor to President Bush's campaign. [Senator Paul WELLSTONE - comments.] [Center for Responsible Politics Larry NOBLE - says the industry "bought" this bill.] [Senator Phil GRAMM - defends the bill- writing process.]

Reporter(s):
Brokaw, Tom;
Brown, Campbell;
Myers, Lisa
Duration:
00:05:10

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