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Treasury Skips "Cramdown" Hearing

First Posted: 08/09/09 06:12 AM ET Updated: 05/25/11 02:35 PM ET


The Washington Independent:

Hoping to bring "cramdown" legislation back onto Congress' radar, a House Judiciary subpanel met this afternoon to re-examine whether bankruptcy judges should be empowered to alter mortgage loans in order to prevent foreclosures.

Witnesses included the obligatory consumer advocates, a conservative think-tanker and a university professor. But the Treasury Department, although asked to send a representative of its own, declined to do so.

Read the whole story: The Washington Independent


Filed by Cara Parks  |