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POPSShould Biden Share Blame for Foreclosure Crisis? Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) “is directly responsible for the rising foreclosure rate since the end of 2005,” concluded a 2007 study by Credit Suisse. The law “increased foreclosures and the number of homes for sale,” echoed a July 2008 study by U.S. Treasury researcher David Bernstein. That study estimated the law had pushed foreclosures or forced sales on 200,000 homeowners since it went into effect, but noted that was a rough, “back-of-the-envelope” calculation… The bill was backed by banks and credit card companies including MBNA, which is headquartered in Delaware, Biden’s home state. MBNA executives had been Biden’s single largest source of campaign donations, and MBNA has employed Biden’s son Hunter as a company executive, lobbyist and consultant. The Obama campaign has said Hunter Biden did no work for MBNA on the bankruptcy bill. http://abcnews.go.com/Blotter/story?id=5670703&page=1