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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (201334)	5/8/2009 3:44:13 PM
From: Les H	Respond to of 306849

Washington, Banks, and Struggling Homeowners This week on the JOURNAL, Bill Moyers spoke with U.S. Senator Dick Durbin (D-IL) about campaign finance reform and the prospects of Congress passing legislation to help struggling homeowners avoid foreclosure. Against intense opposition from banks and credit unions, Durbin has been working to pass a bill that would empower bankruptcy judges to reduce homeowners’ mortgage debt and help them to stay in their homes. Last week, 12 Democrats joined Senate Republicans to defeat the legislation. Durbin said that banks caused the current recession and are now working against government policy that would help solve the economic crisis: pbs.org