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I'm not surprised
By JULIE HIRSCHFELD DAVIS and DAVID ESPO, Associated Press Writers
Fri Sep 26, 7:54 PM ET
WASHINGTON - House Democrats say the idea of letting judges rewrite mortgages to help bankrupt homeowners avoid foreclosure won't be a part of the $700 billion financial industry bailout. ADVERTISEMENT
Speaker Nancy Pelosi, D-Calif., told Democrats at a closed-door meeting Friday evening the provision would be a deal-breaker for Republicans who she has said must deliver substantial votes for the rescue plan. That's according to several lawmakers who attended the session.
Democratic presidential nominee Barack Obama had said earlier that the measure didn't belong in the bailout.
The concession came as staff aides to key Democrats and Republicans worked into the evening searching for compromise on the rescue bill.
http://news.yahoo.com/s/ap/20080926/..._meltdown_1146
Fri Sep 26, 7:54 PM ET
WASHINGTON - House Democrats say the idea of letting judges rewrite mortgages to help bankrupt homeowners avoid foreclosure won't be a part of the $700 billion financial industry bailout. ADVERTISEMENT
Speaker Nancy Pelosi, D-Calif., told Democrats at a closed-door meeting Friday evening the provision would be a deal-breaker for Republicans who she has said must deliver substantial votes for the rescue plan. That's according to several lawmakers who attended the session.
Democratic presidential nominee Barack Obama had said earlier that the measure didn't belong in the bailout.
The concession came as staff aides to key Democrats and Republicans worked into the evening searching for compromise on the rescue bill.
http://news.yahoo.com/s/ap/20080926/..._meltdown_1146
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