Posted on Tuesday, 28th April 2009 by chrisjones
Now that it appears that mortgage cramdowns are going to be stripped out of the housing bill in Congress, let’s talk about why they were a bad idea in the first place.
Yes, I know that bankruptcy judges re-write credit card debt all the time. This is the argument that Elizabeth Warren, the chief TARP watchdog, [...]
Tags: cramdowns
Posted in Blog & News, Finance 101, General | Comments (0)

