by Moe Bedard
By Moe Bedard
Major banks except Citi have formally cut off all negotiations with the Senate in an effort to limit even further the scope of the cramdown bill. Senators from both sides of the isle have given up hope on further developments as well. Bloomberg’s report on the cramdown bill today seems like the last [...]
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by Moe Bedard
By Moe Bedard
Goodbye cramdown bill, hello reality! It seems like the cramdown bill might get shot down soon. The most depressing aspect of this isn’t that the cramdown bill will potentially be shot down, or at best, passed with multiple restrictions protecting Wall Street, but that our representatives are all but laying down to the [...]
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