Jay Foreclosures
Have the new bankruptcy laws banks lobbied heavily for contributed to the credit/mortgage crisis?
Washington Mutual Inc. got what it wanted in 2005: a revised bankruptcy code that no longer lets people walk away from credit card bills.
The largest US savings and loan didn’t count on a housing recession. The new bankruptcy laws are helping drive foreclosures to a record as homeowners default on mortgages and struggle to pay credit card debts that might have been wiped out under the old code, said Jay Westbrook, a professor of business law at the University of Texas Law School in Austin and a former adviser to the International Monetary Fund and the World Bank.
http://www.boston.com/business/personalfinance/articles/2007/11/11/shift_in_bankruptcy_laws_staggers_mortgage_holders/
Absolutely. The banks and the credit card companies wrote the new bankruptcy laws that they had lobbied so long for. Now it’s helping to undermine them and the general economy.
Harvard Law Professor Elizabeth Warren warned about this years ago but greedy neocons just don’t listen.
Part 3 Jay thinks about Mortgage Foreclosures
|
|
Babe: Pig in the City $6.46 The little pig with a big heart is back in an all-new adventure. When Farmer Hoggett is injured, Babe and Mrs. Hoggett travel to a county fair to rescue the farm, but mishaps strand them in a strange and menacing city, where Babe befriends a hotel’s menagerie of animal guests to save the day. James Cromwell, Magda Szubanski and Mickey Rooney star. 95 min. Standard and Widescreen (Enhanced); Soundt… |
|
|
Temptations $9.98 In a place where the long, hard day begins at sunrise, a hard-working crew of professionals has come together to save a family farm. Physical efforts are highlighted by carnal indulgences as a couple succumbs to their deepest desires under the glare of the summer sun. But sacrifice, devotion and passion are undermined by the bank’s attempt to foreclose on the farm. Destiny has brought them to a cr… |
|
|
Stop or Stall Your Foreclosure, What the Big Banks Don’t Want You To Know Did you know that the banks make more money if they foreclose rather than modify?Did you know there are over 1 million Americans searching for the terms “loan modification help” on Google each month? You are not alone.After a two year struggle with my lender (yes..I did not make mortgage payments for two years!) I finally got the modification I needed and saved my home!Stop or Stall Your Foreclosu… |
|
|
Investing in Gold Mine Houses: How to Uncover a Fortune Fixing Small Ugly Houses and Apartments $3.77 The smartest investing options for today?s market from a rental property expert Buying and renting out property can generate steady, reliable income year after year. No one knows this better than ?Fixer Jay,? the legendary house-fixer and do-it-yourself investor with more than forty-five years of experience. His step-by-step guide shows investors how to find the right property, fix it up, rent it … |
|
|
Equilibrium vertical foreclosure with investment (Discussion paper series) … |
