Chris Dodd is going to be hosting Air America tonight from 9-10pm ET/6-7pm PT, and I’ll be his guest starting at 9:30. I’m not holding my breath for shock jock action, but we probably will be discussing the much-needed Bankruptcy Reform Bill that Dodd is sponsoring:
Yesterday, The New York Times editorialized about the housing market, saying that for the first time since the Carter Administration, home owneership is set to decline under President Bush’s tenure, and Congress and the President need to work on bankruptcy reform legislation to avoid mass foreclosures and a complete collapse of the housing market.
“It’s completely unacceptable to sit on the sidelines while millions of Americans are losing their homes, and with it, their piece of the American Dream,” said Dodd. “While it’s clear that the Administration thinks it is already doing enough to stem the tide of this problem, I would guess the people who lost their homes while President Bush was in office would beg to differ. As a Senator and Banking Committee Chairman, I am doing all I can to help families across the country at risk of losing their homes. But the President has the ultimate authority to act now to stop the market from collapsing, and millions of American families from losing their homes. His dereliction to do so is unconscionable.”
The details of the bill are still being worked out, but I sincerely hope there will be some effort to address the horrible parts of the bill that make people overwhelmed by heavy medical bills (the leading cause of bankruptcy filings) indentured servants to their creditors for the rest of their lives.
You can listen live here.