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Under Obama Proposal, Bankruptcy Judges Will Be Able to Modify Home Mortgages

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Amanda Lang

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Home equity loans are, after all, a major part of homeowner debt. The Obama proposal would allow homeowners to wipe out that debt in bankruptcy court, allowing homeowners to keep their houses. And of course the credit card industry (those usurious scoundrels!) is screaming.

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At crooksandliars.com

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OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.

Related Topic(s): American Recovery And Reinvestment Bill Of 2009; Bankruptcy; Bush Messes To Clean Up; Foreclosures; Mortgage Crisis; Mortgage Restructuring; NEO-CON WAR ON MIDDLE CLASS; Obama Fixing Republican Messes; Obamanomics; War On The Middle Class, Add Tags

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