McLeod Law Offices

From MSNBC:

A dozen Democrats joined Republicans in the 45-51 vote to scuttle the bill, which Obama had said was important to saving the economy and promised to push through Congress. But facing stiff opposition from banks, Obama did little to pressure lawmakers who worried it would encourage bankruptcy filings and spike interest rates.

More here.

I remind everyone that next year, 2010, is an election year.  If you want to know who to blame, here’s the roll call vote.

Related posts:

1. Mortgage Modification/Cramdown Bill Update
2. Does the Cramdown Bill Have a Chance of Passing?
3. House Passes Bill, Filing Fees Increasing
4. More (Bad) Adjustable Rate News
5. Friday at Bankruptcy Bill

Tags: Cram Downs, Economy, Homes, homesteads and real estate, In the News, Modifications and Workouts, mortgage, Mortgage and Foreclosure, Mortgages and Foreclosures, Yep. We're in trouble.

This entry was posted on Thursday, April 30th, 2009 at 10:45 pm and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 comment feed.
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