California Foreclosure Bill Fails

``California's state senate narrowly defeated a bill Wednesday that targeted the growing problem of foreclosed homes sitting vacant for months, drawing squatters and creating blight. Lenders would have been fined $1,000 a day for not maintaining vacant properties, and they would have had to give four months' notice before mortgage payment increases of 10 percent or more.'' -- This probably would have been pointless given that after a while there would be no lenders/banks who could pay the fines. If only...