The Wall Street Journal editors are joyous. The Senate (as of the last day in April 2009) has killed the revision to the bankruptcy law that would have allowed judges to “cram down” the principle on residential home mortgages (they can already do it for second homes and investment property). This was the stick in the Obama administration’s “carrot and stick” approach to foreclosure prevention.
Posted under debt consolidation, fix bad credit, fix bad debt, foreclosure
This post was written by fixbadcredit on May 1, 2009
