Wednesday, April 22, 2009

Bankers Still Own The Repubs

Banks Show Clout on Legislation to Help Consumers -
The banking industry has also succeeded in working closely with Republicans to water down and then block a measure that would give bankruptcy judges greater authority to modify mortgages, including reducing principal payments. Senate Republican leaders say they have the support of all 41 of their members — enough to kill the provision by making it impossible to get the 60 votes necessary to cut off debate.