Eugene David
...The One-Minute Pundit

Tuesday, March 03, 2009


Mortgage “cram-down” legislation that stalled in Congress last week will likely be changed to add requirements for homeowners to exhaust all options before they could use bankruptcy to reduce their loan payments, House Majority Leader Steny Hoyer said.

TRANSLATION: Even Steny realizes that not all homeowners may act responsibly, and that Uncle Sucker may not have unlimited resources for them. Yes, even a Democrat realizes this.

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