CENSORED by the LYING, corporate, MEDIA WHORES: the ARROGANCE of bankers & Mortgage Association; OWNING US Senate, Bankers KILL Mortgage Reform...

Here is the Banking & Mortgage banking lobbying arm, the MORTGAGE BANKERS ASSOCIATION, GLOATING about their INFLUENCE IN CONGRESS - their ability to KILL MORTGAGE REFORM (which they derisively call "cramdown") and to continue using the many tricks that banks use to FORCE EVICTIONS, rather than allow SHORT SALES, principle write-downs, no-cost Refinance, or other means that would help keep SOME PERCENTAGE of mortgage holding families in their homes.
Again, in many cases, these are the SAME banks, and bankers, who would THEMSELVES BE BANKRUPT and out of business, but for TRILLIONS of TAXPAYER "socialized" BAILOUT dollars - TRILLIONS of dollars which the WHORE national "news" media WILL NOT EVEN INFORM the American public about the true amount of those bailouts!!
The short clip (at 1:12) of DAVID KITTLE, CHAIRMAN of the MORTGAGE BANKERS ASSOCIATION, saying "WOULDN'T IT BE BEAUTIFUL if the [mortgage reform] bill GOES DOWN TO DEFEAT TOMORROW while we are here in Washington having our conference- maybe rainbows will come out" - means that he and his bankers are ANTICIPATING with joy the prospect that as many as 1.6 MILLION Americans WILL FACE FORECLOSURE and EVICTION in the coming dozen months!

As John Taylor, President of the National Community Reinvestment Coalition
(a community coalition trying to ENACT, not kill, the Mortgage REFORM legislation that would HELP homeowners stay in their homes) put it:
"Between the mortgage bankers, the bankers, the lawyers, and all the people WHO STAND TO BENEFIT from BEING ABLE TO FORECLOSE, and being able to NOT PROTECT people through bankruptcy [laws], there's a lot of people on that side of the ledger WITH MONEY, and I'm sure they've spent tremendous amounts to hire very bright, very talented very articulate people to go up to Capitol Hill and push Congress to OPPOSE this [Mortgage Reform] bill.
IF they don't come out with meaningful solutions to END THE FORECLOSURE CRISIS, and if the Lending Industry DOES NOT RESPOND with initiatives to KEEP PEOPLE IN THEIR HOMES, we (pro-consumer Mortgage relief advocates] will be back."