Thursday, April 30, 2009

Senate Refuses to Let Judges Fix Mortgages in Bankruptcy

Ed Schultz has really been on this the past couple of days.

Dick Durbin, said, on his show, that THE BANKS OWN THE SENATE.

Now, after getting BILLIONS from the American Taxpayers,

These mofos have gotten their minions in the Senate to vote down a proposal that would help the average American who is having trouble with their mortgage.

Let that sink in.

From The New York Times:

Senate Refuses to Let Judges Fix Mortgages in Bankruptcy
Published: April 30, 2009

WASHINGTON — The Senate handed a victory to the banking industry on Thursday, defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.

The House of Representatives, meanwhile, overwhelmingly approved a bill backed by the Obama administration that would limit the ability of credit card companies to charge high fees and penalties. The bill, approved 357 to 70, still faces obstacles in the Senate, where — as the action on Thursday illustrated — the industry has more clout, particularly among Republicans and moderate Democrats. In recent days the White House, partly in response to polls showing the significant public outrage over high fees charged by credit card companies, has begun to work for its passage.

The mortgage provision garnered only 45 votes in the Senate, falling well short of the 60 votes necessary to break a threatened filibuster to a measure sponsored by Senator Richard Durbin, Democrat of Illinois, that would give bankruptcy judges greater flexibility to modify mortgages. In recent weeks, major banks and bank trade associations worked closely with Senate Republicans to stop the measure. Twelve Democrats joined all the Republicans in voting against it.

From Booman Tribune, the list of traitors:

12 Worthless Democrats
by BooMan
Thu Apr 30th, 2009 at 07:39:04 PM EST

In the most demoralizing vote since the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, twelve worthless Democrats just earned my undying enmity by voting against cramdown.

Max Baucus (D-MT)
Michael Bennet (D-CO)
Robert Byrd (D-WV)
Tom Carper (D-DE)
Byron Dorgan (D-ND)
Tim Johnson (D-SD)
Mary Landrieu (D-LA)
Blanche Lincoln (D-AR)
Ben Nelson (D-NE)
Mark Pryor (D-AR)
Arlen Specter (D-PA)
Jon Tester (D-MT)

Honorable mention: Evan Bayh (D-IN)- who did all he could to kill cramdown in committee and then thought he could be cute and vote for it on the floor.

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