Senate Refuses to Let Judges Fix Mortgages in Bankruptcy (Stephen Labaton/New York Times)
May 1st, 2009
Stephen Labaton / New York Times:
Senate Refuses to Let Judges Fix Mortgages in Bankruptcy — WASHINGTON — The Senate handed a victory to the banking industry on Thursday, defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.
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