Lobbyists

A leading credit union trade association came out against a compromise draft proposal on a controversial measure that would allow judges to rewrite the terms of home mortgages. Senate Democrats, led by Senate Majority Whip Dick Durbin (D-Illinois), have been trying to strike a deal with a handful of financial industry players, but the issue has been stalled in the upper chamber for more than a month. The policy, known as "cramdown" in the industry, is strongly opposed by major parts of the industry. The board of the National Association of Federal Credit Unions on Wednesday unanimously opposed the cramdown policy.

After the jump, read the letter that the association's president, Fred Becker, wrote to Durbin.

--Silla Brush

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No, this is not a re-post from earlier. For the seventh time, Rep. Jeff Flake (R-AZ) has introduced a "privileged resolution" asking for an ethics investigation into the relationship between earmarks and campaign contributions.

The resolution makes specific reference to a "raided firm," leaving little doubt that Flake's target is the now-defunct PMA Group, an appropriations lobbying group with close ties to Rep. John Murtha (D-PA) that was raided by the FBI in February.

No sooner did the House vote to table the motion last night than Flake re-introduced the same resolution.

"It

From The Hill