Mortgage Relief + Congress = Bankruptcy Court Looks like the ever expanding home mortgage crisis will be headed to courtrooms after all. Democrats in the House have apparently come to terms on legislation that would give bankruptcy judges authority to rewrite mortgages provided borrowers could prove...

From Open Left: On Ellen Tauscher: Two days ago, I asked Open Left readers to contact Representative Ellen Tauscher's office, urging her to stop listening to the financial services industry, and start listening to threatened homeowners. Her communications director contacted me today to point out tha...

Politico on the fight by New Democrats and Blue Dogs to stop the mortgage relief bill coming to the floor this week: Moderates worry Pelosi is routinely staking very liberal positions to push House versions of big bills as far to the left as possible to enhance their standing in negotiations with th...

The so-called "cramdown" mortgage relief bill has been crammed into next week, as I reported over at Congress Matters earlier today. The House scrapped its original plan to vote on four amendments to the bill and move to final passage before adjournment today. Instead, they held an hour's worth of g...

I continue to be absolutely amazed at the amount of unadulterated mendacity being peddled by serious experts on finance and economics in news interviews. The global financial system continues to be rocked by a now eight-month-long credit crisis. The effects of the crisis on the real economy are now ...