By AARON GOULD SHEININ
In a 15-minute speech before 2,700 screaming supporters at
The Democratic presidential nominee-in-waiting blasted his Republican opponent, U.S. Sen. John McCain, for putting the desires of banks and credit card companies ahead of the needs of working Americans.
“While John McCain is an honorable man, and I respect and admire his service to our country, John McCain has been part of the problem, not part of the solution,” Obama said.
Toward the end of his remarks, Obama vowed to protect military families “who are being stretched thin because of repeated moves and long deployments.”
He said he would create a “fast-track bankruptcy practice” for military families, which would ease restrictions against declaring bankruptcy, eliminate “unnecessary” paperwork and “let them keep a greater share of the value of their home.”
Obama said he would work to help seniors keep their homes when emerging from bankruptcy. Their homes, he said, “are the cornerstones of a secure retirement,” and also promised a larger homestead exemption for seniors.