How is this going to help someone like me that did not buy a home that I could not afford in the hopes of flipping the real estate for a big profit? I purchased a home with a mortgage that I could afford. Why should I not get a bail-out by reducing my mortgage like the cram-downs you are proposing?
l.j.boudreau
of MA
@
Jan 31, 2009 12:18:44 PM
Name mis-applied
The real "cram-down" (our throats) is that we didn't already have this provision decades ago. It might have averted or at least mitigated this whole home price bubble and foreclosure crisis.
l.j.boudreau of MA @ Jan 31, 2009 12:18:44 PM
Muser of NM @ Jan 30, 2009 14:13:37 PM
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