2008-02-29 — housingwire.com
``The proposal, led by House Financial Services Committee Chairman Barney Frank (D-Mass.) and Senate Majority Leader Harry Reid (D-Nev.), would seek to allow bankruptcy judges to modify the principal amount of a borrower’s mortgage during bankruptcy and would appropriate Federal funds to be used to buy bad mortgage debt.'' -- We like the first part a lot more than the second part.
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