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Law Practice

Feb. 20, 2009

BERG: For a Change, Try Accountability

President Obama's ambitious-sounding $75 billion plan to stem the foreclosure crisis will need some outside muscle to make sure the job gets done.

President Obama's ambitious-sounding $75 billion plan to stem the foreclosure crisis will need some outside muscle to make sure the job gets done.

The president backs a bill before Congress to give bankruptcy judges the power to modify mortgage loans. But he will have to keep pushing to get it passed, in the face of strong opposition from the banking industry, which claims it will make mortgages more expensive.

Judicial cramdowns aren't a cure-all. But they wou...

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