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Obama's Mortgage Plan Has Already Been Tried and Defeated in Congress

By Doug Smith
Arkansas Times | September 25, 2008
Obama's proposed legislation would allow judges to adjust the mortgage terms of homeowners who are in bankruptcy, so they'd have a better chance of saving their homes from foreclosure. But such legislation was considered by the Senate in April, and defeated. Both Arkansas senators voted against it. Both say there's a good chance they'd do so again, even if the bill had Obama's backing, and even though they're both Democrats and supporting Obama for president.
View Full Story at Arkansas Times
Tags: Barack Obama, Congress, foreclosures, mortgages, economic issues, Mark Pryor, bailouts, Blanche Lincoln

Arkansas Times

The Arkansas Times, founded in 1974, publishes the most widely read politics and news blog in the state and a monthly magazine. Located in the economic, political and cultural center of Arkansas — Greater Little Rock — where almost half...
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