Dick Durbin, Sticking Up for Regular People

gty_richard_durbin_thg_120417_wmainI was reading Joe Nocera and came across yet another reason to like our senior Senator, Dick Durbin.

He was one of the few on Capitol Hill in 2009 trying to make it easier for under-water homeowners to get some help:

…[I]n the course of perusing another new book about the financial crisis, […] I was reminded of an effort that took place in the spring of 2009 that could have made an enormous difference to homeowners, one that would have required no taxpayer money and might well have become law with a little energetic lobbying from the likes of, well, Tim Geithner. That was an attempt, led by Dick Durbin, the Illinois senator,to change the bankruptcy code so that homeowners who were underwater could modify their mortgages during the bankruptcy process. …