Nice. Real Nice.

There were many, many, many, many, many reasons to strongly, strongly, strongly, strongly, strongly oppose the so-called bankruptcy "reform" bill that was signed into law last spring -- no doubt to the sound of lusty cheering from the executive suites of the credit-card companies and financial-services firms that have lobbied for it for more than a decade.

But as made clear repeatedly in this space and many others, it is a bad, bad, bad, bad law.

Here's a nice post-Katrina tidbit:

But House Republicans, who fought off a proposed amendment that would have made bankruptcy filings easier for victims of natural disasters, said there was no reason to carve out a broad exemption just because of the storm.

Representative F. James Sensenbrenner Jr. of Wisconsin, the chairman of the House Judiciary Committee, rejected the notion of reopening the legislation, saying it already included provisions that would ensure that people left "down and out" by the storm would still be able to shed most of their debts. Lawmakers who lost the long fight over the law, he said, "ought to get over it," according to The Associated Press.

A White House spokesman, Trent Duffy, said the administration "doesn't see a lot of merit" in calls to delay the law's effective date but was considering making allowances for hurricane victims.

Whose side are these people on? I think, sadly, that know the answer.

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