"Senator Dick Durbin Talks to Pat Garofalo About Housing Policy"
Interesting stuff as my colleague Pat Garofalo sits down for a brief chat with Senator Dick Durbin (D-IL) and they talk about “cramdown” legislation and other possible options for stemming home foreclosures:
It’s really remarkable how much political clout the big banks retain notwithstanding everything that’s happened. And it certainly makes you pessimistic that regulatory changes currently being contemplated are going to stick. How much clout are these guys going to have once the financial crisis is a few years in the rearview?