A HARVARD STUDY OF THE BANKRUPTCY REFORM BILL THAT JOE BIDEN CHAMPIONED: “The data suggests that although bankruptcies and credit card company losses decreased, and credit card companies achieved record profits, the cost to consumers of credit card debt actually increased. In other words the 2005 bankruptcy reforms profited credit card companies at consumers’ expense.” I don’t think McCain was any better on the issue, but he’s not running on a class-warfare platform, either.