Three Monkeys Online

A Curious, Alternative Magazine

Dr Jekyll and Mr Hyde

It seems President Bush is living up to his promise to spend the “political capital” he believed he earned by winning last November’s election. Today’s New York Times reported that the controversial Republican-championed Bankruptcy Bill is set to pass. In the current situation, if someone declares personal bankruptcy in the United States, banks and credit card companies have to stand at the back of the line of creditors as the individual tries to sort out their financial affairs. If this bill becomes law, a bankrupt will be obliged to continue making payments on their credit card debt, regardless of the fact that studies show that most personal bankruptcies are caused by job losses or medical emergencies.One of the most vehement lobbyist for this bill has been MBNA, which, according the blogger Daily Kos, is the largest single contributor to the Republican Party.This is the same MBNA, whose Operations Centre in Carrick-on-Shannon, was voted in 2004 as No. 1 in “The 100 Best Workplaces in Europe” survey by Fortune. That these can be two facets of the same company–the unforgiving pursuer of the financially distressed and the (apparently) caring employer of its content operatives–appears to confirm the theory proposed by Joel Bakan: If the corporation were a person, it would be diagnosed as a psychopath.By the way, does anybody out there know what exactly the situation is in Ireland in regards to personal bankruptcy and servicing creditors?