Saturday, May 2, 2009

Mortgage Bankers Celebrate Their Big Victory


By Lagan Sebert, American News Project
Posted on May 1, 2009, Printed on May 2, 2009
http://www.alternet.org/bloggers/http://newsproject.org/139306/

You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months. But our American News Project reporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as "cram-down" appeared to be working.

http://www.youtube.com/watch?v=vS_6zn3B0pw

© 2009 American News Project All rights reserved.
View this story online at: http://www.alternet.org/bloggers/http://newsproject.org/139306/

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