It is clear to me that Congress must do more to help struggling homeowners and specifically that we need to take another serious look at the Durbin proposal to allow bankruptcy judges to modify the terms of mortgages on principal residences the way they can on every other loan.
Durbin emphasizes the need for Congress to assist struggling homeowners and modify mortgage terms.
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I have threatened some of these for-profit schools as a way of getting them to drop the loans that they were enforcing on these students, because I know what happens in the end.
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