What is it about Democrats in Washington that makes them clang a slam dunk?
They have the greedheaded, boneheaded Wall Street bankers back on their heels, exposed as frauds and finaglers. They also have the broad public shouting that those being ripped off by the bankers ought to get some semblance of justice. Yet, on April 30th, Senate Democrats flubbed an easy shot to support hard-pressed American homeowners who’re being unfairly squeezed by banksters. At issue was a common-sense proposal by Sen. Dick Durbin – a top Democrat – to allow bankruptcy judges to lower the monthly mortgage payments of homeowners trapped by exploding interest rates imposed by banks. This would keep families in their homes, stop the decline in housing prices, and boost our economy. But Wall Street screamed, spooking a number of pusillanimous Democrats. “Timid Timothy” Geithner, the treasury secretary, meekly cautioned that there should only be “carefully designed changes” to the bankruptcy laws, so as not to create “uncertainty” for Wall Street. Never mind the uncertainty that millio
