The New Cramdown
For the past couple of years, I've been thinking that cramdown is dead as a policy solution. But I was thinking about cramdown as requiring legislation. It doesn't. We could start doing it tomorrow....
View ArticleIMF | Stop the Foreclosures! Principal Reductions Now!
IMF: Principal Reductions Now! The International Monetary Fund has explicitly called for principal reductions for underwater borrowers to deleverage individual balance sheets and jumpstart a soft...
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