I appreciate the substance of the idea he has offered and, of course, the amendment by Senator Durbin as well. I will not belabor my colleagues with the history of why it is that provision exists. There were about 10 or 12 of us who strenuously objected to the bankruptcy reform bill. So I had problems with that bill across the board. Let me try and frame this again. The majority leader, back about a week or so ago, talked with the Republican leader about the possibility of us breaking this logjam that existed, where nothing could even be debated on the housing issue. So the idea was Senator Shelby and myself were designated by our respective leaders to try to come up with a consensus package of ideas, one Republicans and Democrats, by and large, could support to come out with as a core, and from that other amendments would be offered and added along the way, and if there was consensus, we would try to add those. We are losing 8,000 people a day in foreclosure and the country and the economy is suffering terribly and we were in gridlock on this issue.
Editor's note · Context
Discussing efforts to address the housing crisis and foreclosure issues during Senate debate.
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