The House is expected to vote today on the new, 451 page Wall Street bailout (Rules Committee documents) with 350 added pages of tax extenders and sweeteners. Over at the Credit Slips blog, several professors with expertise in consumer bankrupcy have recent posts explaining why bankruptcy modification, the current system has no safety valve for homeowners, and that the bill doesn't add any. Professor Sovern, over at Consumer Law and Policy blog, posts links to bankruptcy scholarship also. Meanwhile activists (Washington Post story) have denounced the attempts by some opponents to blame the world financial meltdown on the important consumer law known as the Community Reinvestment Act or CRA. Chairman Barney Frank and other members of the Financial Services Committee have sent out a letter with similar criticism of the attacks, which I will post later.