Earlier today during the debate on the Senate floor over the Durbin Amendment to the Senate version of Helping Families Save their Homes Act of 2009, Senator Barbara Boxer said she had come to the conclusion that anyone who voted against the Durbin Amendment must be dancing to the tune of the banking industry.
The banking industry walked away from negotiations. Senator Dick Durbin has said the vote coming up will basically show which senators put their constituents ahead bankers.
I've watched most of the debate and it was pretty clear that Senators Durbin, Schumer and Dodd are feeling defeated over this already. Senator Dodd says he doesn't know how any senator could explain to a family losing the only home they own why it's ok to save the vacation home, jet or yacht of a wealthy family, but it isn't ok to save their family home.
They are voting now.
Kay Hagan votes with families trying to save their homes. It's not going to be enough to get the amendment passed, but she was lobbied very heavily by the banking industry and she voted with North Carolina families.
Thank you, Senator Hagan.