Hooray for the Banks and Fuck You

That's the message from the House of Representatives:

In a victory for the banking industry, the House of Representatives voted Friday to reject a measure that would have allowed bankruptcy judges to change the terms of mortgages for distressed homeowners. ... Republicans and an army of lobbyists for banks and Wall Street firms, whose profits would be threatened by reforms, have fought for months to weaken and delay the bill.

While I would fully expect that the Republicans would kowtow to the needs of the banks and Wall Street, it took a non-insignificant number of greedy-ass Democrats to go along.

While the Congress and the courts are diligently protecting the interests of the rich and powerful, expect more shit like this to go down.