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Home » Store » News » Wall Street Tries to Soften the Blow of Bankruptcy Reform Being Crammed Down on Mortgage Industry

Wall Street Tries to Soften the Blow of Bankruptcy Reform Being Crammed Down on Mortgage Industry

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Wall Street securities dealers and issuers said they are willing to cooperate with Congress on a more palatable cramdown bill but warned of potentially damaging economic fallout if courts were allowed to modify residential mortgages in bankruptcies. Reacting to the agreement between Citigroup and key lawmakers announced this week, the Securities Industry and Financial Markets Association...
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