Comments | the_recession: Banks Beat Homeowners: Foreclosure Bill Killed In Senate

nebris in the_recession

Banks Beat Homeowners: Foreclosure Bill Killed In Senate

Apr 30, 2009 23:49

The Senate on Thursday rejected an effort to stave off home foreclosures by a vote of 51 to 45. It was an overwhelming defeat, with the bill's backers falling 15 votes short -- a quarter of the Democratic caucus -- of the 60 needed to cut off debate and move to a final vote ( Read more... )

cram-downs, banking sector, global financial trainwreck of 2007-?, 50 state slump, foreclosures, economic collapse

Comments 2

scorpionis May 1 2009, 15:28:03 UTC

I wonder if it will take a public lynching of a banker to get them to see the light. Not that I condone such things, but someone somewhere is going to snap one of these days.

Disgusting, appalling etc. jimmywitz May 2 2009, 17:27:45 UTC

This vote represents a clear and dangerous failure of our democratic system to overcome the oligarchy of the financial sector. All those who voted no on this bill were recipients of large contributions from the banking lobby, and they should be punished by the electorate in the primaries (for the Democrats who voted no) and in the general (for the Republicans ( ... )