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Congressman Ruben Hinojosa Files Bankruptcy

By Joseph McDaniel, Esq.

Apparently, nobody is immune to crazy banks, not even Congressmen on the House Financial Services Committee. 

Why do I suggest that the bank in this case was smoking Wacky Tabacky? Well, before a Congressman goes belly-up, I bet he tries to cut some kind of reasonable deal.

Even though Abraham Lincoln filed a bankruptcy, it's not generally the sort of action voters anticipate from a Congressman, especially on the House Financial Services Committee, right? 

And the second reason I think the bank was crazy? Well, this Congressman was on the House Financial Services Committee. And he's still on the House Financial Services Committee.

You understand my thought process, right? Would you like to be that bank asking that committee for a favor?

p.s. Can you imagine being the bank lawyer who told Ruben that the bank refused his offer, whatever that offer was? The poor son-of-a-gun is probably a scorched spot on a carpet in a bank conference room somewhere. "But his offer wasn't within the guidelines you told me were acceptable..." the lawyer stuttered, prior to being vaporized by the bank's evil Laser of Doom.

Full post as published by Arizona Bankruptcy Attorney Blog on February 06, 2011 (boomark / email).