Banks: 472, Homeowners: 1

Banks: 472, Homeowners: 1

by
Abby Zimet

In what's being hailed in some gleeful quarters as a major blow to the banking industry, the House Thursday passed a mortgage relief bill that gives troubled homeowners a break by allowing bankruptcy judges to lower their mortgage payments. In the you've-gotta-be-kidding department, Republicans opposed to the 'Helping Families Save Their Homes Act' argued that it rewarded irresponsible behavior and bad choices. Okay, repeat after us. AIG, Citibank, Merrill Lynch.

 

 

 

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