A dispute among House Democrats stalled legislation Thursday to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners.My question is actually pretty simple:The measure, backed by President Barack Obama, is the most controversial part of a broader housing package that had been expected to pass the House this week.
It hit a snag after a group of moderates expressed concerns in a closed-door meeting of House Democrats about how the bill would affect homeowners who are still struggling to make their mortgage payments.
The banking industry has lobbied hard against the measure, mounting a successful multimillion-dollar effort last year to kill it.
Exactly with what money is anybody in the banking industry using to lobby any-f'ckin-body against this badly needed measure? You're telling me there are Democrats out there blocking this legislation because it's going to be too hard on the industry we're giving trillions of dollars to?
Obama needs to put an end to this noise damn fast.
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