Barack Obama’s economic policy suffered a setback yesterday when a bill that would have allowed bankruptcy judges to force lenders to adjust the principal on mortgages failed in the Senate. The bill received 45 votes, 6 short of the 51 needed for passage… A dozen Democrats joined Republicans in opposing it: For the second time [...]
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Mortgage Cramdown Bill Dies in Senate
Filed Under: Economy, Politics Tagged With: Barack Obama, Democrats, Jon Kyl, Mortgage Cramdown, Republicans, Richard Durbin, Senate
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