The Washington Independent

Posts Tagged mortgage meltdown

Congress Wasn’t Always Afraid to Take on Banks

By | 04.30.09 | 9:24 am

Mike’s piece today on the failure of Congress to pass a mortgage cramdown bill — which would allow bankruptcy judges to modify loans and is a major element of the Obama administration’s plan to deal with the foreclosure crisis –clearly demonstrates the continued clout of banks and the cowardice More…

The Human Cost of a Credit Crunch

By | 10.15.08 | 9:35 am

With all the news about partially nationalizing banks, and with the candidates rolling out new economic proposals and facing off in a debate tonight over their prescriptions for the credit crunch, it’s easy to forget that the whole mess still comes down to simple things: A homeowner, and More…