The site’s been out all day, pretty much! Apologies for any inconvenience.
Anyway, Sen. Dodd has been on the news today raging against banks, saying they’re not living up to their end of the bargain:
“We want to see more progress from our friends in the financial sector — more progress in foreclosure mitigation, in affordable lending, and in curbing excessive compensation,” Dodd said. “And if that progress is not forthcoming, we are prepared to legislate.” (CNNMoney)
In news closer to home, Webster Bank is freezing foreclosures for 90 days for qualified customers while they work with homeowners to try and find solutions. Said Chairman James Smith:
“Just as my father did when he founded Webster Bank during the Great Depression,” Smith said, “we will do everything in our power to keep people in their homes.”
And finally, Gov. Rell is continuing to vow a much reduced government for Connecticut over the next two years. Besides raising taxes, we really don’t have any other alternative if we really are facing a $6 billion deficit.