"facing stiff opposition from banks, Obama did little"
"Plan to let judges alter loans is killed" by Anne Flaherty, Associated Press | May 1, 2009
WASHINGTON - The Democratic-controlled Senate yesterday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy.
A dozen Democrats joined Republicans in the 45-51 vote to scuttle the bill, which President Obama had said was important to saving the economy. But facing stiff opposition from banks, Obama did little to pressure lawmakers....
"The banks that are too big to fail are saying that 8 million Americans facing foreclosure are too little to count in this economy," said Senate Majority Whip Dick Durbin of Illinois, who spent weeks negotiating with lobbyists in a bid to strike a deal.
Obama long has backed the proposal to give debt-ridden individuals the option of asking a bankruptcy judge to reduce their mortgage payments. He cited that support last fall as he privately lobbied skeptical Democrats to back the $700 billion Wall Street bailout....
Well, that is change. Obama at least kissed you before he raped you, AmeriKa!
Obama supporters blamed the banks....
Actually, I have no respect for any Obama supporters these days. It's been one betrayal and backtrack after another with this guy. Thank the Lord I didn't vote for him! I voted Nader this time!
--more--"Just wondering why the Globe censored or omitted Durbin's quote:
"Top Senate Democrat: bankers "own" the U.S. Congress
Sen. Dick Durbin, on a local Chicago radio station this week, blurted out an obvious truth about Congress that, despite being blindingly obvious, is rarely spoken: "And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place."
And we know who controls the banks!
