As anyone who has followed the foreclosure crisis closely knows, there is currently a loophole in federal bankruptcy law that allows John McCain to protect his second through seventh homes and yachts and planes if he were to declare bankruptcy, but doesn't allow you and me to save our primary residence that we live in. Barack Obama has called for closing this loophole, Joe Biden has called for closing this loophole, and John McCain has defended it to benefit his banker buddies.
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