Promoting free markets

Here’s a great way to promote free markets and give private capital some confidence to get back into mortgage lending again:  give the bankruptcy judges the ability to alter the contract that was signed without consulting the lender.  Oh that’s right, that’s not something Democrats are really looking to get back into. 

 http://www.bloomberg.com/apps/news?pid=20601087&sid=aoyMWtlsj27A&refer=home

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2 Responses to “Promoting free markets”

  1. urstupidnourstupid Says:

    I saw a story about something like this on TV. A judge in Philadelphia was trying to facilitate people remaining in their homes and lenders from foreclosing, which in the long run is best for both parties. It seems though that all parties should be involved. You can’t cut the lender out of negotiations. And I don’t think that’s what the judge was doing. Flexibility in a time of crisis is always helpful.

  2. urstupidnourstupid Says:

    BS BS BS. The customer can do that with the bank now. Why do you need a Federal fucking government judge involved. All they have to do is call. And if the bank doesn’t want to negotiate then people file bk. Happens everyday.

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