Various states such as Pennsylvania and Minnesota are taking limited action to slow down the pass of home foreclosures. Maryland's Governor O'Malley has signed a bill that a bank has to wait not 15 but 150 days to foreclose on a house, after the owner is in default. Foreclosures in Philadelphia, Pa. have been suspended in April. In Minnesota, there is a bill to let borrowers defer part of their mortgage balance for up to 1 year without being considered delinquent. It still isn't enough, unless the US Congress passes LaRouche's HBPA, Homeowner and Bank Protection act.
Sunday, April 13
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