February 26, 2008

Worth reading: Prof. Elizabeth Warren, on the changing nature of the bankruptcy debate since 2005. It's worth noting again that the measure before the Senate right now, which would permit the modification of mortgage terms on homes by the Bankruptcy Court, is not related to the 2005 BARF Act, which mainly dealt with eligibility. The public revulsion against the earlier measure is almost entirely due to other factors, which the professor spells out in her post.

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