Sometimes, Junior Needs a Foot Up His Ass to Get Him Back on Task

"An Oregon congressman is backing a bill that, if passed, would allow bankruptcy judges to force principal modifications on primary home mortgages during bankruptcy."

Behold the statement (which may become action) that will hold lenders' feet to the fire.

Losses (or the very real threat of losses) are the ONLY thing that gets the attention of people who lend out money for a living.