After running a campaign where he promised to represent the working person, Rep. Larry Kissell voted for the banking industry by opposing H.R. 1106. He was not joined in his opposition to the legislation by any other North Carolina Democrat. Republican Walter Jones joined Democrats in voting to help the vast majority of families who are near foreclosure as a result of unemployment, personal or family illness, divorce, death in the family or fraud on the part of banks.
The Center for Responsible Lending released numbers for every state showing the minimal number of mortgages that this legislation applies to. Certainly not enough to punish the rest of us and absolutely not enough of a caseload to bankrupt the already bankrupt banks.