Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Reid gambit on bankruptcy legislation fails!
Mortgage bankers Association ^ | February 28, 2008 | Mortgage Bankers Association

Posted on 02/28/2008 2:44:22 PM PST by Dems_R_Losers

I just got word that Harry Reid's attempt to shove through a change in the bankruptcy code to allow "cram-downs" of mortgages has failed. He tried to bring it up under suspension of the rules and that required a cloture vote. Reid only got 48 votes, far short of the 60 needed.

This was yet another attempted giveaway to the trial lawyers. The legislation would have voided any lender claim in a bankruptcy if the loan documents contained even a minor technical violation of any federal or state law.


TOPICS: Extended News; Government; News/Current Events
KEYWORDS: bailout; democrats; mortgages; reid
A bad day for Dingy Harry.........
1 posted on 02/28/2008 2:44:27 PM PST by Dems_R_Losers
[ Post Reply | Private Reply | View Replies]

To: Dems_R_Losers
Dingy Harry trying to crap all over contract law. When the government fails in its responsibility to enforce contracts between individuals, all contracts become worthless...as does the government.
2 posted on 02/28/2008 3:12:39 PM PST by Myrddin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dems_R_Losers
A bad day for Dingy Harry.........

Isn't EVERY day a bad day when you are a loser like Dingy Harry.......?

What an embarrassment.............Mitch McConnell must wake up every day and thank God for Harry Reid.

3 posted on 02/28/2008 3:13:06 PM PST by Popman (Gold Standard: Trying to squeeze a 50 lb economy back into a 5 lb bag)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dems_R_Losers

Reid gambit on bankruptcy legislation fails!

reid has ot be one of THE dumbest a-holes to ever stalk the halls of the senate!!!


4 posted on 02/28/2008 4:06:31 PM PST by nyyankeefan
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson