Tag Archives: politics

Hope And Change Two??

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Foreclosure crisis continues, the election produces:  another Republican House, another Democrat Senate, and the same president.

Meet the new boss.  Same as the old boss.

I have been railing against the mortgage villains, industry, organized crime syndicate, whatever you want to call it, since before I started blogging, years ago.

Am I alone?  Uh, no.  Even the N. Y. Times is on board.  Not a usual bedfellow of mine.

Their superb reporter, Gretchen Morgenson, author of Reckles$ Endangerment, which tells the whole ugly foreclosure crisis story, and she writes about how both campaigns ignored this issue, and, how we are really set up for the foreclosure crisis to get worse.

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Student Loan Deferment Or Forbearance

I attended a presentation on student loan debt by attorneys from the Department of Justice, who fight discharge of student loans in bankruptcy cases, but  presented lots of information on other ways to deal with repayment. A frequent theme was:  contact the ombudsman! The Federal Student Aid Office has on office to identify your loanContinue Reading

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Chapter 13 Bankruptcy Reform Passes House Judiciary Committee

Per the American Bankruptcy Institute web site: As the House Judiciary Committee approved mortgage cramdown legislation yesterday by a vote of 21-15, Democratic leaders are preparing to wrap it into the omnibus spending package slated to come to the House floor next week, CongressDaily reported today. House Judiciary Chairman John Conyers (D-Mich.) made three changesContinue Reading

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Cram Down Reform Deleted From Stimulus Bill by White House Action

Chapter 13 reform maybe dropped from stimulus package in the Senate. will check source for below, for now, here it is: Posted: 01/22/09 05:23 PM [ET] Liberal Democratic lawmakers railed Thursday against the tactical decision of President Obama and House leaders to leave a bankruptcy “cram-down” provision out of the economic stimulus package. The provisionContinue Reading

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Summers Endorses Bankruptcy Court Mortgage Modification

DATELINE: WASHINGTON The following is the letter released Monday by Lawrence Summers, director-designate of the National Economic Council for the Office of President-Elect Obama: sent to the leadership of both parties in the House and Senate 3. Launch a Sweeping Effort to Address the Foreclosure Crisis: The President-elect has directed his White House and CabinetContinue Reading