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The Cram-Down Smackdown – Reuters


AFP


But it's equally possible that bankruptcy judges' appraisals of the "fair market value" of foreclosed houses would have been much kinder than the market's. Now that the cram-down legislation has failed, we won't know for sure. But don't be surprised if
Senate kills modified-mortgage provision for those facing foreclosure MinnPost.com
No bankruptcy help for homeowners CNNMoney.com
Cramdown Bill Fails In Senate Forbes
Huffington Post - Wall Street Journal
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