10/27/2007
Demonrats show their ignorance again — why does that not surprise me?
House bill — Homeowners could sue Wall Street
The New York Times - October 22, 2007
Rep Barney Frank (D-Lite) introduces a bill that would allow homeowners to sue mortgage lenders for giving them loans that they never had a realistic chance of repaying. Personal Responsibility?
WASHINGTON - House Democrats introduced legislation on Monday that would for the first time let homeowners sue Wall Street firms for relief from mortgages that the borrowers never had a realistic chance of repaying.
>>> Critics warn the bill could chill and freeze a huge source of capital <<<
