It’s Sen. Durbin and Distressed Homeowners Versus the Mortgage Bankers Association. Rematch To Come?
OPS_admin | May 01, 2009 | Comments 0
It’s Sen. Durbin and Distressed Homeowners Versus the Mortgage Bankers Association. Rematch To Come?
A BUZZFLASH NEWS ANALYSIS – by Christine Bowman
Bail out the bankers, but not homeowners? See how it went down in the Senate despite Dick Durbin’s considerable fight. — “And the banks … they frankly own the place.”
IL Democratic Senator and Majority Whip Richard Durbin minced no words but expressed major frustration this week as the banking lobby, 12 weak-kneed or complicit Democratic senators, and the entire GOP bloc in the Senate said “no” to offering options to help financially distressed American homeowners keep the roofs over their heads. Durbin was sponsor of an amendment derisively characterized as “cramdown” by mortgage bankers who fought against it ferociously and effectively.
Real News Network offers this maddening glimpse into the lobbying behemoth that killed the measure:
Filed Under: odds & ends
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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