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Cramdowns

A debate is raging in Washington, D.C., about how to deal with America's foreclosure problem. One proposal is to restructure the loans using a tool usually seen in bankruptcy courts: The "cramdown." Senior Editor Paddy Hirsch explains.

About the author

Paddy Hirsch is a Senior Editor at Marketplace and the creator and host of the Marketplace Whiteboard. Follow Paddy on Twitter @paddyhirsch and on facebook at www.facebook.com/paddyhirsch101
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I am a big fan of the white board. I get it on my ipod and the time on treadmill flies by. Besides, it is amazing how you make complex topics so easy to understand. Also, I have started using white boards a lot for my team meetings. Cheers mate!

Keep up the great work Paddy. We all appreciate your explanations. You're looking more tired than usual, make sure to get some rest!

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