Monday, September 22, 2008

Update: Dodd Bill Does Have Bankruptcy Changes

According to Politico.com:
Among the major provisions Dodd is adding:
  • Authority for bankruptcy judges to restructure mortgages for homeowners facing foreclosure. This was considered a poison pill in a housing bill that passed Congress earlier this summer, but it has gained much more currency now that Washington wants to bail out Wall Street.
Two snaps up to the distinguished gentleman from Connecticut.

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