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Cramdown

Let's Make a Deal: Beltway Edition

Michael Winship | Posted 11.17.2009 | Business

Read More: Richard Durbin, American Banking Association, Cap and Trade, Politics, Insttitute for Policy Studies, President Obama, Mortgage Crisis, Banks, Bank Bailout, US Chamber of Commerce, Cramdown, Campaign Finance, Business News
Michael Winship

While executives are dancing with your dollars, the foreclosures they helped to bring on continue to rise. Many banks are dragging their feet, enjoying the bailout bucks but failing to spread them around.

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The Story That Made Me Tear Up My Prepared Speech at a Big Education Conference

Arianna Huffington | Posted 11.09.2009 | Politics

Read More: Foreclosures, Education, Homeless Students, Homelessness, Homeless Schoolchildren, Homeless Families, Barney Frank, Banks, Education Reform, Cramdown, Obama School Speech, Politics News
Arianna Huffington

Shouldn't we also be living in a country that can come together right now and bail out schoolchildren who, unlike Wall Street, are too small to be allowed to fail before they have been allowed to succeed?

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Ryan Grim

Cramdown Is Back: Banks Against Homeowners, Round 2

HuffingtonPost.com | Ryan Grim | Posted 11.08.2009 | Politics

Read More: Barney Frank, Dick Durbin, Bankruptcy Reform, Banks, Harry Reid, Henry Paulson, Homeowners, Cramdown, Politics News

Cramdown is back. House Financial Services Committee Chairman Barney Frank (D-Mass.) tells the Huffington Post he plans to revive the effort to give...

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Banks Still Cheating People Out of Their Homes

Mike Elk | Posted 09.05.2009 | Business

Read More: Evan Bayh, Loan Modifications, Predatory Lending, Making Home Affordable, Wall Street, Campaign Contributions, Lobbyists, Dick Durbin, Blue Dogs, Home Affordable Modification, Max Baucus, Foreclosure, Center for American Progress, Cramdown, Business News
Mike Elk

We can't allow Wall Street to go on cheating people out of the most important possession of their lives -- their home.

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Jeff Muskus

Administration Belatedly Pushing Banks To Slow Foreclosures

HuffingtonPost.com | Jeff Muskus | Posted 08.28.2009 | Business

Read More: Bankruptcy Reform, Banks, Bankruptcy Bill, Mortgage Modification, Cramdown, Home Foreclosures, Business News

Months too late, the Obama administration is pushing the finance industry for further action to stem the vast tide of home foreclosures. The administ...

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Obama's Agenda: Hope, Change and Lobby-Centricity

Stuart Whatley | Posted 08.02.2009 | Politics

Read More: Obama Cabinet, House of Representatives, Cap and Trade, Democratic Congress, Congress, Capitol Hill, Lobbying, Lobbyists, Progressives, President Obama, Obama Administration, Obama, Progressive Movement, Democrats, Banking Industry, Cramdown, Barack Obama, Lobbyist, Obama White House, Senate, Cap-and-Trade, David Brooks, Health Care Reform, Special Interests, K Street, Health Care, Obama Lobbyists, Politics News
Stuart Whatley

Obama's self-imposed rule against lobbyists in his administration, and the method whereby he is now implementing his progressive agenda, hews toward a rather perverse irony, if not hypocrisy.

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The Good, the Bad, the Ugly: Financial Sector Regulation

Robert Weissman | Posted 07.18.2009 | Business

Read More: Derivative, Executive Compensation, Mortgage, Wall Street, Predatory Lending, Financial Crisis, Leverage, Consumer Protection, Executive Pay, Cramdown, Financial Regulation, Campaign Finance, Glass-Steagall, Foreclosure News, Business News
Robert Weissman

There's no question that Wall Street is going to mobilize -- is already mobilized -- to defeat the administration's positive proposals.

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Did Barack Obama "Kill" the Progressive Movement?

Jane Hamsher | Posted 07.05.2009 | Politics

Read More: Media Matters, Rahm Emanuel, Dana Milbank, Keith Ellison, Federal Reserve Transparency Act, Leo Gerard, America's Future Now, Cramdown, Barack Obama, Naomi Klein, Center for American Progress, Progressives, Obama Progressives, Progressive Movement, Politics News
Jane Hamsher

I understand that nobody wants to be on the outside like they were during the Bush years, but the price of a few cocktail parties at the White House -- and the threat of lost donors -- is buying a lot more than it should.

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Ryan Grim

Congress Passes Landmark Credit Card Reform; House Passes GOP Amendment To Allow Guns In National Parks

HuffingtonPost.com | Ryan Grim | Posted 06.14.2009 | Politics

Read More: Credit Card Reform, Obama Credit Card Reform, Credit Card Interest Rates, Cramdown Legislation, Obama Cramdown, Cramdown, Politics News

The House of Representatives passed sweeping credit card reform legislation Wednesday aimed at limiting abusive and deceptive credit card practices. T...

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Arthur Delaney

MoveOn Targets Specter And Other Dems For Siding With Banks (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 06.08.2009 | Politics

Read More: Cramdown, Cramdown moveon.org, Democrats, MoveOn.Org, Politics News

A series of new web ads by MoveOn.org targets Senate Democrats for stripping a provision from recently-passed bankruptcy reform legislation that would...

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White House Silence May Have Doomed Mortgage Cramdown Bill

Washington Independent | Posted 06.08.2009 | Politics

Read More: Mortgage-Cramdowns, Senate Bankruptcy Bill Cramdown, Dick Durbin Cramdown, White House Mortgage Cramdown Bill, Cramdown, Politics News

Though mortgage bankruptcy reform has been a central component of the Obama administration's foreclosure prevention strategy, the White House all but ...

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Tax Havens and the Business Lobby

The Progress Report | Posted 06.07.2009 | Business

Read More: Taxes, Obama, Timothy Geithner, Cramdown, Economy, Business News
The Progress Report

In a time when we're facing a banking crisis that many of the banks created, it is hard to believe that the banks are still the most powerful lobby on Capitol Hill. They frankly own the place.

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The Stress Tests Fail The Smell Test

Arianna Huffington | Posted 06.04.2009 | Business

Read More: Stress Tests, Nouriel Roubini, Obama Bank Stress Tests, Joseph Stiglitz, Economy, Bank Stress Tests, Obama Administration, Nassim Taleb, Obama Economy, Cramdown, Business News
Arianna Huffington

The results of the much-anticipated bank stress tests are finally set to be released on Thursday. But we can already give the Obama economic team a grade for the way the tests have been handled: F.

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Do They Frankly Own the Place? You Betcha!

Paul Blumenthal | Posted 06.01.2009 | Politics

Read More: Cramdown, Banks, Lobbyists, Dick Durbin, Transparency, Politics News
Paul Blumenthal

The financial sector has been running wild through Washington over the past 11 years -- getting whatever it pleases and blocking whatever it doesn't.

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Ryan Grim

In Their Own Words: Why Dem Senators Screwed Homeowners

HuffingtonPost.com | Ryan Grim | Posted 06.01.2009 | Politics

Read More: Mortgages, Dick Durbin, Bankruptcy, Mortgage Relief, Cramdown, Politics News

Only 45 Senate Democrats voted Thursday to oppose the banking industry and pass legislation aimed at stemming foreclosures. The bill would have allowe...

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Why Are Bankers Still Being Treated As Beltway Royalty?

Arianna Huffington | Posted 05.31.2009 | Politics

Read More: Credit Card Bill, American Banking Association, Mortgage Bankers Association, Chrysler Bankruptcy, Chrysler Banks, Credit Cardholders Bill of Rights, Chrysler, Bankers, Credit Card Rates, Credit Cards, Financial Services Roundtable, Cramdown, Senate Cramdowns, Dick Durbin, Carolyn Maloney, Transparency, Politics News
Arianna Huffington

How do the same banks that have repeatedly come to Washington over the last eight months asking for billions to rescue them from their catastrophic mistakes, somehow still "own the place"?

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Ryan Grim

Cramdown Vote: Banks Bought Senators On The Cheap

HuffingtonPost.com | Ryan Grim | Posted 05.31.2009 | Politics

Read More: Dick Durbin, Bankruptcy Bill Dick Durbin, Bankruptcy Bill, Durbin Bankruptcy, Dick Durbin Cramdown, Cramdown, Politics News

Sen. Dick Durbin (D-Ill.) introduced legislation in the Senate Thursday which would allow homeowners in bankruptcy to renegotiate -- or cramdown -- mo...

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Ryan Grim

Bank Lobby On Course To Gut Bankruptcy Bill

HuffingtonPost.com | Ryan Grim | Posted 05.30.2009 | Politics

Read More: Senate Bankruptcy Bill Vote, Bankruptcy Bill, Bankruptcy Bill Mortgages, Senate Bankruptcy Bill, Senate Bankruptcy Bill Cramdown, Cramdown, Bankruptcy Bill Cramdown, Politics News

The bankruptcy reform bill that passed the House weeks ago amid much fanfare is on course to be gutted by the Senate Thursday. Senate Majority Leader ...

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Ryan Grim

Two Key Dems Throw Cold Water On Bankruptcy Bill

HuffingtonPost.com | Ryan Grim | Posted 05.29.2009 | Politics

Read More: Bankruptcy, Mary Landrieu, John Tester, Cramdown, Evan Bayh, Politics News

Sen. Dick Durbin announced Monday night that after weeks of negotiations between Senate Democrats and the financial industry, a compromise had been re...

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Your Wealth Is in a Safe Place Now

Harry Moroz | Posted 04.06.2009 | Business

Read More: House of Representatives, Lobbyists, New Democrats, Foreclosure, President Barack Obama, Cramdown, Housing, Bankruptcy, Banking Industry, Housing Crisis, Modification, Business News
Harry Moroz

We should remember that by avoiding principal write downs -- and focusing on monthly mortgage payments -- the burden of wealth destruction is being placed on homeowners, not on banks.

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Ryan Grim

Banks' Fifteen-Year Winning Streak Snapped: House Passes Mortgage Relief Bill

HuffingtonPost.com | Ryan Grim | Posted 04.05.2009 | Politics

Read More: House Democrats, Bankruptcy, Bankruptcy Reform, Cramdown, Barney Frank, Politics News

The House on Thursday passed bankruptcy reform legislation that dealt the banking industry its first major defeat since 1994. The bill, passed 234-191...

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Cram Down Crunch Time

David M. Abromowitz | Posted 04.04.2009 | Business

Read More: Mortgage Crisis, Bankruptcy, Cramdown, Mortgage-Cram-Down, Housing Crisis, Business News
David M. Abromowitz

Single family homeowners living in their own primary residence are the only real estate owners without cram down protections in bankruptcy.

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Ellen Tauscher (D-BofA) Helps Bank Lobbyists Write Our Laws

Jane Hamsher | Posted 04.02.2009 | Politics

Read More: Mortgages, Bankruptcy, Lobbyists, Ellen Tauscher, Banks, New Democrat Coalition, Homeowners, Cramdown, Foreclosure Crisis, Foreclosure, Housing Crisis, Politics News
Jane Hamsher

How can Tauscher claim that there's anything "moderate" about working on behalf of the bankers who created this crisis?

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"Billions of Dollars to the Banks, Yet We're the Ones That Are Homeless."

Robert Greenwald | Posted 04.02.2009 | Politics

Read More: Orange County, Foreclosure, Fighting for Our Homes, John Conyers, Economy, Cramdown, Politics News
Robert Greenwald

Conyers' proposal is a simple, modest fix that will help keep hundreds of thousands of families in their homes. This bill is a win for every homeowner in America.

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