Perhaps these banks can see some writing on the wall.

They got their way with the bankruptcy law change, and they don't want the old law back, otherwise the banks lose 100% when a debtor files bankruptcy.

So the banks can see that Congress will probably change the laws back to benefit the debtors as their financial conditions deteriorate. So what's a banker to do?

How about trying to head-off any potential debtor bill at the pass. The banks present their own system to help the debtor. Losing 40% is still better than losing 100%, and the debtor still gets to remain on the hook.

Sly these bankers.