The Foreclosure Bill is Toast

By Ryan • on April 30, 2009

A bit of good news at last.

The Senate has decided it’s not going to upend investor confidence in our real estate industry and killed the Forclosure bill, which would have allowed what they’re calling the “cram-down” of mortgage debt.  That means those who made bad decisions to buy more house than they could afford won’t be interfering in our economic recovery or picking the pockets of responsible home buyers.  I don’t know how the Senate managed to grow this much sense, but I’m glad it happened, even if only this once.

Read more here: 
Senate Rejects Foreclosure Bill (Fox News)

Filed under: Ordinary News Stuff on April 30th, 2009 | Trackbacks to this post should be sent to:

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I'll be comfortable on the couch. Famous last words.
                -- Lenny Bruce

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