{"id":193080,"date":"2009-01-21T19:08:00","date_gmt":"2009-01-22T00:08:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/21\/obama-opposes-cram-down-in-stimulus\/"},"modified":"2009-01-21T19:08:00","modified_gmt":"2009-01-22T00:08:00","slug":"obama-opposes-cram-down-in-stimulus","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/01\/21\/obama-opposes-cram-down-in-stimulus\/","title":{"rendered":"Obama Opposes Cram-Down in Stimulus"},"content":{"rendered":"<p><a href=\"http:\/\/thehill.com\/leading-the-news\/obama-resists-effort-to-include-bankruptcy-law-change-in-stimulus-2009-01-19.html\">Dumb move<\/a>.  With mortgages sliced and diced amongst dozens, if not hundreds, of investors, you cannot renegotiate terms in many cases, which means more defaults and foreclosures.<\/p>\n<p>He&#8217;s not opposed to allowing bankruptcy judges to rewrite mortgages, he just does not want it in the bailout package.<\/p>\n<p>That&#8217;s because he&#8217;s still pursuing the asinine goal of getting 80 votes in the senate.<\/p>\n<p>He won&#8217;t get 80 votes for a bill that works, because Republicans cannot afford fiscal stimulus to succeed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dumb move. With mortgages sliced and diced amongst dozens, if not hundreds, of investors, you cannot renegotiate terms in many cases, which means more defaults and foreclosures. He&#8217;s not opposed to allowing bankruptcy judges to rewrite mortgages, he just does not want it in the bailout package. That&#8217;s because he&#8217;s still pursuing the asinine goal &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[998,1004,972,1020,985],"tags":[],"class_list":["post-193080","post","type-post","status-publish","format-standard","hentry","category-congress","category-finance","category-justice","category-legislation","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193080"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193080"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193080\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}