Monthly Archive:: January 2009
TARP: Banks Shouldn’t be Forced to Make Risky Loans
I was thrilled this morning to hear an echo of my own thoughts coming from someone with much more clout than me on CNBC. My last post was titled “Don’t Ask Banks to Make Risky Loans” and today on CNBC,
The Cram Down: Citigroup’s Deal on Home Loans Signal Start of New Process
In my November 21st post, “It’s the Monthly Payment, Stupid,” I quoted Larry Anderson, a bankruptcy attorney in Washington DC, as saying, “[He] favors allowing bankruptcy judges to modify loan terms.” His point was that without the