Last week amendment S4980-4984, a bill submitted to prevent mortgage foreclosures and enhance mortgage credit availability, was defeated by this cast of characters. Senator Barbara Boxer had this to say:
Mortgage Modification Amendment Would Have Helped 385,000 California Homeowners Facing Foreclosure
Thursday, April 30, 2009
[Washington, DC – U.S. Senator Barbara Boxer (D-CA) today spoke on the Senate floor in favor of an amendment that would have helped millions of at-risk homeowners avoid foreclosure by allowing bankruptcy judges to modify mortgage terms for primary residences.
Currently, bankruptcy judges are able to modify terms on loans for vacation homes, automobiles and other assets. The measure, sponsored by Senator Dick Durbin (D-IL), failed by a vote of 45 to 51…]
So much for the loss of our homes. At the same time, despite our recent rain, we in California (more…)
Grab and Keel 