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Eye On America (Guarding Your Money) Part II #387376

CBS Evening News for Tuesday, May 11, 1999
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(Studio: Dan Rather) Report introduced.

(Baltimore, Maryland: Wyatt Andrews) Concerns about the overuse of credit cards and the skyrocketing bankruptcy rate examined; details given of calls to change bankruptcy laws. [Bankruptcy trustee Joe BALLINGER - said Leonard Massie and wife had 25 credit cards; says they had a lot of credit card debt.] The fact that some high-income people are using credit card bankruptcy to finance a freewheeling lifestyle noted. [Representative George GEKAS - says some people who file bankruptcy should repay some of the debt.] [Accountant Steve BONWIT - talks about losing his job after his son's death.] [Bankruptcy attorney James MILLER - says the law will be used against the lower-income people.]

Andrews, Wyatt;
Rather, Dan

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