Banking lobby successfully defeats mortgage cram-down provision.
Today, a proposal to change bankruptcy law and allow bankruptcy judges to cram-down mortgage payments for troubled homeowners failed in the Senate by a vote of 45-51. The provision, which was introduced as an amendment by Sen. Dick Durbin (D-IL), required 60 votes to pass. In recent weeks, support for the measure evaporated in the face of furious lobbying by the banking and mortgage industries. Prior to the vote, Durbin -- who this week said that bankers "are still the most powerful lobby on Capitol Hill" -- took to the floor to decry the banking industry's influence in the cram-down debate:
At some point the senators in this chamber will decide the bankers shouldn't write the agenda for the United States Senate. At some point the people in this chamber will decide the people we represent are not the folks working in the big banks, but the folks struggling to make a living and struggling to keep a decent home.
.................
And Dems helped defeat this amendment:
http://www.senate.gov/legislative/LIS/roll_call_lists/r...
U.S. Senate Roll Call Votes 111th Congress - 1st Session
as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Vote Summary
Question: On the Amendment (Durbin Amdt. No. 1014 )
Vote Number: 174Vote Date: April 30, 2009, 02:47 PM
Required For Majority: 3/5Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 1014 to S. 896 (Helping Families Save Their Homes Act of 2009)
Statement of Purpose: To prevent mortgage foreclosures and preserve home values.
Grouped By Vote Position
YEAs ---45
Akaka (D-HI)
Bayh (D-IN)
Begich (D-AK)
Bingaman (D-NM)
Boxer (D-CA)
Brown (D-OH)
Burris (D-IL)
Cantwell (D-WA)
Cardin (D-MD)
Casey (D-PA)
Conrad (D-ND)
Dodd (D-CT)
Durbin (D-IL)
Feingold (D-WI)
Feinstein (D-CA)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Reed (D-RI)
Reid (D-NV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
Wyden (D-OR)
NAYs ---51
Alexander (R-TN)
Barrasso (R-WY)
Baucus (D-MT) ****
Bennet (D-CO)****
Bennett (R-UT)
Bond (R-MO)
Brownback (R-KS)
Bunning (R-KY)
Burr (R-NC)
Byrd (D-WV) ****
Carper (D-DE) ****
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Dorgan (D-ND) ****
Ensign (R-NV)
Enzi (R-WY)
Graham (R-SC)
Grassley (R-IA)
Gregg (R-NH)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD) ****
Kyl (R-AZ)
Landrieu (D-LA) ****
Lincoln (D-AR) ****
Lugar (R-IN)
Martinez (R-FL)
McCain (R-AZ)
McConnell (R-KY)
Murkowski (R-AK)
Nelson (D-NE) ****
Pryor (D-AR) ****
Risch (R-ID)
Roberts (R-KS)
Shelby (R-AL)
Snowe (R-ME)
Specter (D-PA) ****
Tester (D-MT) ****
Thune (R-SD)
Vitter (R-LA)
Voinovich (R-OH)
Wicker (R-MS)
Not Voting - 3
Kennedy (D-MA)
Rockefeller (D-WV)
Sessions (R-AL)
****: Traitor dems
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Friday, May 1, 2009
coward dems voted with republicans defeats mortgage cram-down provision!
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