Banks are among the most powerful, if not the most powerful, private institutions in the country. Sen. Durbin (D-IL) famously commented "they own the place," referring to the U.S. Senate. But once in awhile, through concerted efforts, they can be beaten. On July 2, the California Legislature passed a package of laws known as the Homeowner Bill of Rights (HBOR) which began to put homeowners on a more level playing field with banks.
Rick Jacobs: How The Big Banks Lost And Homeowners Won In California
Rick Jacobs, Huffington Post: Business
Tue, 07/03/2012 - 6:38pm
Topics: sen durbin d-il on july california legislature rights hbor governor jerry brown republican big business chamber commerce big money big tobacco bills progressives obama pico crc crl kamala harris the state president pro tem darrell steinberg courage campaign's foreclosure flashlight acce inside/outside occupy big problems senate california california legislature if homeowner bill rights hbor bfd democrat democrats big banks courage campaign attorney general a.g harris as lost homeowners won legislation coalition settlement put country organizers elected support place work credit national groups billion began win blue powerful private vote introduced large members focused moderate committee means states change political good leaders amount colleagues representatives foreclosures
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