Foreclosure Crisis: U.S. Senate Vote on the Bankruptcy Provision

On April 3rd, the U.S. Senate debated and voted on the bankruptcy provision, which would allow judges to modify home loans in bankruptcy court.  Today, judges are able to modify loans in bankruptcy for vacation homes but not for primary residence loans of hard working Americans who are at risk of foreclosure.  This proposal was originally drafted as a standing alone proposal by Sen. Durbin of IL.  It was submitted as an amendment.  I am pasting the vote below for you to see how your Senators voted. 

Purpose of the amendment: to address the treatment of primary mortgages in bankruptcy.

Those voting "Yea", voted to table or postpone including this provision in the bill.  In other words, they voted to allow families to continue to lose their homes. 
Those voting "Nay", wanted to include the provision and save 600,000 families from losing their homes.

If you believe that families should be helped in bankruptcy court as a means of last resort, please contact your Senators and let them know.  Senators have been visited by banking/financial services and trade association lobbyists who got us into this mess, who sold poisonous loan products to consumers, who want to be rescued by government, and who do not want government to regulate their business.  Senators need to hear from affected families and from constituents!

Source: U.S. Senate, Roll Call Votes
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00088

Grouped By Vote Position