2009 July Finance, Insurance & Real Estate News: Senate Stalls Mortgage Cramdowns

2009 July Finance, Insurance & Real Estate News: Senate Stalls Mortgage Cramdowns
July 1, 2009

Steve Stanek

Steve Stanek (sstanek@heartland.org) is a research fellow at The Heartland Institute and managing... (read full bio)

The July issue of Finance, Insurance & Real Estate News, a monthly insert in Budget & Tax News, leads with news that the U.S. Senate has rejected legislation that would have allowed bankruptcy judges to cut mortgage terms to help borrowers avoid foreclosure.

Also in this issue:

  • Government taxes on business are a key contributor to the boom-and-bust nature of economies—and contributed to the current financial crisis.
  • Federal Reserve Chairman Ben Bernanke wants new banking oversight powers, while analysts question the value of “stress tests.”

Steve Stanek

Steve Stanek (sstanek@heartland.org) is a research fellow at The Heartland Institute and managing... (read full bio)