2008-12-31wsj.com

The banking industry hoped the mortgage "cram-down" measure died when Congress removed it from the $700 billion bailout bill that passed in October. But it has been gathering momentum in Democrat-controlled Washington, as evidence emerges that current voluntary foreclosure-prevention programs are falling short.



Comments:

taps65 at 05:06 2009-01-01 said:
If banks won't "cram down" loans for suitability and sustainability, verdicts made by a jury of our peers will. Permalink

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