Michigan bankruptcy attorney Michael Greiner suggests three things Washington should do to reform the banking industry:

1. “Pass bankruptcy reform legislation that will allow bankruptcy judges to reset residential mortgages.”

2. “Require banks to lend more aggressively to small businesses and homeowners.”

3. “Break up the banks.”

What do you think?

Is it time to reform the nation’s bankruptcy laws to allow bankruptcy judges more power to assist homeowners who are underwater with balances owed on mortgages that are more than the value of their homes?

Should we call on our political leaders in Washington, D.C. to change lending rules to require banks to lend more to small business and homeowners to help stimulate the economy?

Should we break up banks so that banks are not “too big to fail” and thus are insulated from the consequences of bad decisionmaking?

Technorati Tags: banking reform, bankruptcy, bankruptcy reform, economy, homeowners, legal reform, mortgages

Comments

• Blog Posts

  • Indiana Supreme Court to look at debt collection practices
  • Do not skip jury duty
  • I-69 Are We There Yet radio documentary
  • Thoughts on cloud computing after the MegaUpload seizure
  • No more pink slime at McDonalds
  • Online economy predicted to double by 2016
  • Local investing offered as solution
  • Indianapolis zip line looks fun
  • Beware online reviews
  • Indiana Catholic Church gears up for First Amendment battle