To: durasell
That has to be done at each bank’s discretion. Forced policy like that has been called “cramdown” and the banks are resisting (naturally) a policy that requires them to devalue their already-scarce assets.
22 posted on
10/11/2008 11:31:55 AM PDT by
TenthAmendmentChampion
(Lord please bless our nation with John McCain as president and Sarah Palin as Vice President! Amen.)
To: TenthAmendmentChampion
I’m not all that sure the banks have the expertise.
23 posted on
10/11/2008 11:33:10 AM PDT by
durasell
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