cramdown การใช้

• Many investors consider the rollover a cramdown, tantamount to default.
• The sides remain far apart; some close to the negotiations characterize the county's efforts as a " cramdown " that provides little for the note holders.
• As a result, the home lending industry went back to Congress, which responded by extending the cramdown restriction for loans secured by primary residences to Chapter 11 with the Bankruptcy Reform Act of 1994.
• In addition, like in the late 1970s, the financial industry had powerful political leverage on its side : the risk that revoking the cramdown restriction would result in higher interest rates on home loans.