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Tag Archive: cram down

Looking up cram down opponents in Party Time


This post is all research and no results -- that'll come later. I wanted to take a look at a vote my colleague Paul Blumenthal referred to with the title (quoting Sen. Richard Durbin) "They own the place." The "they" in question are financial sector firms, the place is Congress; at issue is a bill, the Helping Families Save Their Homes Act of 2009 -- or rather, an amendment to that bill -- that was voted down by a 51-45 margin.

The Durbin amendment, also known as the cram down bill, would have removed the mortgage exemption from bankruptcy proceedings, allowing bankruptcy ...

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