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  • The future consequences are not so bad, if the cramdown can only go down to the market value, and banks are more careful to only lend up to the "future minimum value" they should foresee. The disaster is not from an individual's inability to make payments, it is from the loan being for more than the value of the collateral. And especially less than the fire-sale value of the collateral. No crazy loans = no incentive to walk away later.

    JanB737 2 years ago

  • These Cramdown proposals are a load of crap.  Thanks for the education.

    CampBogus 3 years ago

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