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Catchword for “cram-down”
Catchword: cram-down
Filed under: , ,
Part of speech: n.
Quotation: Paulson, run by former Bear Stearns (BSC) investment banker John Paulson, stands to rake in a windfall if the measure passes. The key bill, introduced last month, would allow federal judges to restructure mortgage terms and lower payments on the primary homes of borrowers in bankruptcy, a significant legal change. The process, known as a “cram-down” in industry jargon, is opposed by investment banks that trade in mortgage-backed securities.
Article or document title:
“Paulson’s Subprime Hedge” (URL)
Author:
Eamon Javers
Article, document, publication, web site:
BusinessWeek
Date of publication:
Oct. 12, 2007
This catchword has yet to be researched.
Posted 12 Oct 07 | Permalink | Tell a Friend

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