Jan 6, 2010 ... MoveOn.org has launched an ad campaign targeting senators who voted against  the bill and who have accepted campaign contributions from the financial  industry. The White House still supports the measure. "The President continues to  support balanced bankruptcy reform to permit judicial modifications ...
May 8, 2009 ... The banking lobby won a significant victory in Congress on May 1, 2009 when 12  Democrats joined a united Republican Caucus to vote down an amendment to  President Obama's housing bill. At issue was a measure that would have allowed  bankruptcy judges to modify mortgages to help homeowners ...
Oct 25, 2010 ... In the past year and a half, New Democrats have pulled in more than $18 million  in campaign contributions from their lobbyist fundraising network. ... TARP money  didn't have to trim executive bonuses, and helped block a proposal to allow  bankruptcy judges to adjust home mortgages—a step many experts ...
Jun 5, 2009 ... As Congressional Democrats and the White House crow about multiple victories  over the financial industry, including new rules for credit card issuers, ... Housing  advocacy groups argued that it was unfair that bankruptcy judges have had the  authority since 1978 to modify mortgages on vacation homes, ...
In fact, the estimates were of only 2 million homes in foreclosure last year.  America is facing a crisis. Opponent's argument to vote No: Sen. JON KYL (R, AZ ): This amendment would allow bankruptcy judges to modify home mortgages by  lowering the principal and interest rate on the loan or extending the term of the  loan.
Senators who have accepted millions in campaign contributions from the financial industry voted against allowing bankruptcy judges to modify home mortgages.