Dems Limit Scope of ‘Cramdown’ Bill
By Mike Lillis |
01.28.09 | 12:27 pm
Bowing to the banking industry, House Democrats yesterday weakened legislation empowering bankruptcy judges to alter the terms of primary mortgages to prevent foreclosures. The changes — which came during a meeting of the House Judiciary Committee, headed by Rep. John Conyers (D-Mich.) — would prevent future homeowners from going More…
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