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“Cram-down” legislation, which would have let bankruptcy judges force lenders to accept not only lower, fixed interest rates on underwater home loans, but also give judges the power to reduce the principal to reflect current market value.”
It appears that voting no on every anti-forclosure measure that crossed her path has paid off for Michelle Bachmann’s constituents. Her district leads her state in foreclosures. I wonder if They’ll remember that little tidbit come election time?