Yesterday, the Senate Judiciary Committee held a hearing on Sen. Dick Durbin's proposal to help struggling homeowners by allowing bankruptcy courts to renegotiate the terms of certain mortgages. As we noted on Tuesday, Cook County Sheriff Tom Dart flew to Washington to testify before the committee about the foreclosure crisis in Chicagoland. Dart told NBC 5 that the situation represents "utter chaos." Durbin said he doesn't expect his plan to move forward during the lame duck session thanks to a White House that "is not open to the changes that we think will be necessary." Watch:
(H/T HuffPo Chicago)
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