The Big Banks Own the Senate

And they do their master’s bidding and kill a cram down amendment, which would allowed bankruptcy judges to adjust mortgage principal for primary homes much in the same way they do for vacation homes and commercial property.

15 Democrats, including newly minted Dem Arlen Specter, voted for banks, and against American families.

The house passed a bill with cramdown, and Pelosi has been insistent that it be included, and conference reports, and this will now go to a conference committee as the bills are different, are not filabusterable.

Here’s hoping that ordinary people win.

Leave a Reply