[Occupymendocino] Double Standards in Bankruptcies

[Mark Safron]

Developments in the Detroit bankruptcy have exposed a double standard in federal bankruptcy law, an injustice in urgent need of congressional reform.

That is where the legal double standard comes in. In Detroit’s bust, even pensioners have to negotiate new terms; in the housing bust, big banks did not have to negotiate, leaving many homeowners in the dust.

http://www.nytimes.com/2014/04/26/opinion/double-standards-in-bankruptcies.html?rref=opinion&module=Ribbon&version=context&region=Header&action=click&contentCollection=Opinion&pgtype=article
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