Dick Durbin - Should the Federal Government assist mortgage defaulters?

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Dick Durbin The Federal Government should assist mortgage defaulters. "Help American families stay in their homes."

Evidence approved (3/20/2008 2:40:59 PM)

"Help American families stay in their homes."

From AP:

Congress is set to examine another round of possible repairs for consumers and investors threatened by widening cracks in the housing market.

Proposals include easing bankruptcy rules, shielding banks from lawsuits and providing government assistance to homeowners facing foreclosure.

"This week we have an opportunity to pass a housing bill that will help the economy recover, help American families stay in their homes and change the law so this never happens again," said Sen. Richard Durbin of Illinois, the Senate's second-ranking Democrat and author of the proposal to ease bankruptcy rules.