How to pronounce“cramdown”in English
arguments people make isn't you guys actually relied too much on the pipes, on the existing housing market, that what you should have done was push much harder for what folks call,
"cramdown" and use the legal system. Tim Geithner: Good argument. Yeah. The president supported what you call a cramdown. This was bankruptcy reform to give the borrower a little
more leverage in renegotiating their mortgage. Good idea. He supported it when he was a senator and a candidate. We tried twice in Congress to get that through. Again, we had a support
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Definitions of “cramdown”
A requirement that certain creditors accept a plan of reorganization in a Chapter 11 bankruptcy restructuring.