11 Democrats vote with the Republicans to defeat Mortgage Bankruptcy bill

[Bluebear]

WASHINGTON - The Senate has defeated legislation that would have let hundreds of thousands of debt-ridden homeowners seek mortgage relief in bankruptcy court.

President Barack Obama had said the bill was important to saving the economy and promised to push for its passage. But facing stiff opposition from banks, Obama did little to lean on lawmakers who worried it might spike interest rates.

The bill would have allowed bankruptcy judges to rewrite a person's mortgage terms, if a bank refused to offer better terms based on income and home value. Only 45 senators voted in favor of the bill, with 51 senators opposed.


NAYs
Bennet (D-CO)
Byrd (D-WV)
Carper (D-DE)
Dorgan (D-ND)
Johnson (D-SD)
Landrieu (D-LA)
Lincoln (D-AR)
Nelson (D-NE)
Pryor (D-AR)
Specter (D-PA)
Tester (D-MT)

http://www.msnbc.msn.com/id/30503750

[depakid]

1. Mostly, the usual suspects

from the usual states.

[napi21]

2. Dorgan???? What were they so opposed to? n/t

[jsamuel]

8. Dorgan is for it, he voted against it so that it could be called again

his vote, unlike the other Dems', was procedural

[Catshrink]

10. Was he for it before he was against it?

:sarcasm:

[Bluebear]

11. :nodding:

[jsamuel]

15. wait, I think I confused him with Durbin

[Danger Mouse]

3. I just want to point out that 'Conservative Dem' Gillibrand...

is not on this list.

[saracat]

16. Good for you. A point worth noting!

[ShortnFiery]

23. Yes, but I wonder if she would vote the same if she was recently re-elected with a 6 year cushion.

:shrug: Perhaps she notes the threat from the progressive wing of the party - plus the other blue dogs has provided her cover.

[Danger Mouse]

26. Or maybe she's being consistent with her solid blue voting record.

[blueclown]

4. Specter has been a big help.

:sarcasm: :sarcasm:

His ass better be primaried.

[billyoc]

5. Stop paying the mortgage, squat for a year, and split.

Fuck 'em.

[notadmblnd]

9. Thats the plan..

google the term "cash for keys" or "keys for cash". I haven't had a chance yet, but someone was telling me about it. They said you can make a deal with the bank for them to get their house back without things going missing.

[tabbycat31]

6. surprised Bayh is not on that list

[notadmblnd]

7. Are these the Blue dogs?

The ones that vowed to work against Obama?

[saracat]

12. Hmm .Neither Spector or Obama did us any good on this one!

"But facing stiff opposition from banks, Obama did little to lean on lawmakers who worried it might spike interest rates."

Nevertheless, helluva first vote for specter. Obama did say Specter would be "independent " and wasn't a "guaranteed Dem vote though. I guess the banks still call the shots, and it doesn't surprise me. Just google who they donate to.

Sometimes you just can't win.

[readmoreoften]

18. Imagine that! A Republican not being a "guaranteed Dem vote." /nt

[saracat]

20. Boggles the mind! LOL! This is why I don't necessarily jump for joy

about the election of some folks just because they have a "D" after their name. Doesn't mean they will vote with us and begs the question, what really is a Democratic majority? If they don't vote with us, what is the point?( Yeah, yeah, I know, we set the agenda)

[Fumesucker]

24. He IS NOT A REPUBLICAN!!!

So stop saying that..

He now carries a "D" in front of his name, that is all that is necessary.

Yay team!!!

[optimal-tomato]

13. Lincoln and Pryor...

:argh: I wish my state had just one functioning democrat...

[jsamuel]

14. welcome to DU!

:hi:

[Bluebear]

22. Welcome to DU, tomato!

[Earth_First]

17. Has Specter voted on anything substantial WITH the party yet? n/t

[readmoreoften]

19. Hell, has he voted on anything UNSUBSTANTIAL with the party yet? /nt

[G_j]

21. Landriew and Nelson are Republicans.. right??

:sarcasm:


we ALWAYS see their names on these lists...

[blaze]

25. Coloradans!

Please feel free to email Bennet with your feelings about this vote.

[e-mail]