This Week in Washington: 4/20/09

Dan Holler, a Capitol Hill insider and U.S. Senate relations deputy at The Heritage Foundation, discusses how a controversial policy known as mortgage cramdown would allow bankruptcy judges to rewrite mortgages based on an individuals ability to pay, Congress proposed rewriting of the rules that govern how credit card companies operate, and President Obamas 83 billion dollar emergency war supplemental that is littered with non-emergency spending.

Category:

News & Politics

Tags:

• Mortgage
• cramdown
• borrowing
• credit
• financial
• markets
• risk
• in
• lending
• war
• supplemental
• Guantanamo
• Bay

[sixletter]

"Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself." Mark Twain

[bertly71]

This whole mess was started when the government got involved with Fannie and Freddie giving out bad risk loans under Clinton. Bush was too inept to stop it and Obama will not admit it was a bad idea.

[bertly71]

My motto is "any government solution to a problem is usually worse than the problem". I do not buy into class warfare, the racism boogeyman, or any other attempt to keep Americans split up into voting blocks. Blaming poor people would not work for me because I am one.