Bankers win the war, 'distressed' homeowners left on hook

Guess those mortgage bankers showed Congress who's the boss ... They are!

Only a day after the Mortgage Bankers Association fired off a stern letter of warning to Congressional leaders about attempts to change foreclosure bankruptcy laws to ease the plight of those facing foreclosure and help end the still threatening housing crisis, the House of 'Who The Heck Are We Representatives?" shot the proposal dead.

But make no mistake about it, the House may have been holding the gun, but the mortgage bankers provided the ammunition.