Friday, December 11, 2009

Now we know Congress is a waste of time

Is there any way Congress can possibly help people less?

Now the House has rejected a popular measure that would have let bankruptcy judges help people avoid foreclosure by big banks.

This measure would have allowed courts to extend payment periods, reduce interest rates, and take other steps to stem the foreclosure crisis.

If Congress is against such a common-sense bill, then I think they're pretty much a lost cause.

Hopefully the states will shore up where Congress has repeatedly let us down.

(Source: http://www.marketwatch.com/story/house-votes-against-letting-judges-alter-mortgages-2009-12-11)

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