Bailout/Rescue Plan Not Likely To Have Any Direct Immediate Impact On Financially Troubled Homeowners

The National Association of Bankruptcy Consumer Attorneys (NACBA) has reviewed the Wall Street bailout and said that “the final package fails to put in place any new meaningful measures to help hundreds of thousands of American families struggling to stay in their homes.” Apparently, the banking industry blocked attempts to include provisions that would have helped stop foreclosures. Here is an article on the Wall Street Journal’s site summarizing NACBA’s statement.