Dick Durbin: Banks "Frankly Own The Place"


	Dick Durbin: Banks "Frankly Own The Place"

cmac32141

5-26-2009 12:40 AM

58 views

tags:

cramdown, banks rule

cmac32141 says:

the most important provision of bankruptcy reform -- the authority for a bankruptcy judge to renegotiate mortgages, known as cramdown, which banks strongly oppose -- could get ripped out of the bill.

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from May 26, 2009

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d48b032f-33b8-4a18-9050-a1f292a50c0e/960882A9-3135-4173-AB80-F8B72792B0E8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html" href="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html"><H1><A id="title_permalink" href="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html">Dick Durbin: Banks "Frankly Own The Place"</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html"><DIV class="read_more with_verticals">
<STRONG>Read More:</STRONG>
					    <A href="http://www.huffingtonpost.com/tag/bankruptcy-bill">Bankruptcy Bill</A>, <A href="http://www.huffingtonpost.com/tag/bankruptcy-reform">Bankruptcy Reform</A>, <A href="http://www.huffingtonpost.com/tag/dick-durbin">Dick Durbin</A>, <A href="http://www.huffingtonpost.com/tag/dick-durbin-bankruptcy-reform">Dick Durbin Bankruptcy Reform</A>, <A href="http://www.huffingtonpost.com/tag/dick-durbin-banks">Dick Durbin Banks</A>, <A href="http://www.huffingtonpost.com/tag/durbin-banks">Durbin Banks</A>, <A href="http://www.huffingtonpost.com/tag/durbin-banks-own-senate">Durbin Banks Own Senate</A>, <A href="http://www.huffingtonpost.com/tag/durbin-banks-senate">Durbin Banks Senate</A>, <A href="http://www.huffingtonpost.com/tag/transparency">Transparency</A>,
<A href="http://www.huffingtonpost.com/politics"> Politics News</A>
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html"><P>"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," he said on <A href="http://rayhanania.libsyn.com/index.php?post_id=464814">WJJG 1530 AM</A>'s "Mornings with Ray Hanania." <A href="http://progressillinois.com/2009/4/29/durbin-banks-own-the-place">Progress Illinois</A> picked up the quote. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html"><P>While Durbin has been negotiating with individual banks over the last several weeks, bank lobbyists and Senate Minority Whip Jon Kyl (R-Ariz.) <A href="http://www.huffingtonpost.com/2009/04/28/two-key-dems-express-pess_n_192400.html">have been whipping up opposition to it</A>. A growing number of Democrats have announced opposition to cramdown, including Ben Nelson (Neb.), Mary Landrieu (La.) and Jon Tester (Mont.).</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/960882A9-3135-4173-AB80-F8B72792B0E8/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips