Rep. John Conyers: 'Cram Downs' are Much-Needed, Fair

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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 12:18PM January 31, 2009

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.

Muser of NM 2:13PM January 30, 2009