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Real Estate & Property Law

: Housing Wire

ABA: Citi Worked Alone on Cram-Down Deal

By PAUL JACKSON

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The American Bankers Association said Friday morning that it opposed recently proposed cram-down legislation that was surprisingly endorsed late Thursday by Citigroup Inc. (C: 6.75 -5.73%), and suggested it wasn’t apprised of the negotiations between the financial giant and key members of the Senate. ?ABA was not a participant in the recent agreement between Citigroup and [...]

Full post as published by Housing Wire on January 09, 2009 (boomark / email).

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