Bloomberg Hopes Albany Will Function ‘Someday’

Yesterday, Michael Bloomberg joined a conference call hosted by the U.S. Conference of Mayors and ACORN, which urged a number of state legislatures to require laws forcing lenders and borrowers into re-negotiations before a home is foreclosed on.
Bloomberg actually said he was hopeful a law like that could get passed in New York, despite the paralysis in the state senate.
“We need a state law to force people to the table but we’re actually optimistic about getting it, assuming our State Legislature functions someday,” Bloomberg said. “But when they do, we think this is a situation where everybody will.”
Bloomberg said the less funding was tied to the legislation, the better.

Bloomberg Hopes Albany Will Function ‘Someday’