Thursday, April 30, 2009

Bought and Paid For

In case there is still any mystery about who really runs things in this country, take a look at the whole system of legalized corruption at work. This is the mortgage bankers' lobby at work to kill a bill that would have allowed mortgage holders to re-negotiate terms of their loans to avoid foreclosure on their homes.

Interesting that the Senator from Utah forsakes the interests of his own constituents, who are suffering from very high foreclosure rates, for the interests of the mortgage bankers.

And here is Senator Dick Durbin, sponsor of the "cramdown" legislation that would allow people to keep their homes.

Hat tip to dday over at Hullabaloo.

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