Cramdown's Downfall
Tim Fernholz
May 7, 2009 | web only


Mortgage bankers are making it exceedingly difficult for the Obama administration to limit foreclosures and stem the housing crisis -- but the White House isn't exactly fighting back.

Related: Is Loan Modification Enough?

Sen. Dick Durbin of Illinois has spent the past year trying to push through bankruptcy reform legislation, but so far to no avail. (AP Photo/Nam Y. Huh)