BlackRock (BLK) Vice Chairman Barbara Novick says it's time to write a new chapter for troubled...

|By:, SA News Editor

BlackRock (BLK) Vice Chairman Barbara Novick says it's time to write a new chapter for troubled homeowners, calling for a newly created bankruptcy option that would better help owners and be fairer for mortgage-bond investors. “There’s Chapter 7, Chapter 11, Chapter 13 - we need a special chapter for the Great Recession."