YBK [Post-game]: In the final week under the old law, there were at least 205,000 personal bankruptcies filed, and after electronic filings and other yet-to-be-counted measures are considered, the total may surpass 300,000 500,000. The previous record was just over 100,000 filings, set the previous week, and a normal week would have seen about 30,000 filings. Taking into account that the average amount of credit card debt per filing is just under $20,000, almost all of which will now be forgiven by the terms of the old law, in the past fortnight we may have seen one of the greatest transfers in wealth from the rich to the poor in history: $8 billion $12 billion, from the credit card industry to consumers. Suffice it to say, it will take awhile for Biden's Friends to recover, another victim of the Law of Unintended Consequences !!

UPDATE [10/20]: Statistics revised per Washington Post story this morning.