Daily Grind: The Cram-down Showdown

The Cram-down Showdown
Giving bankruptcy judges arbitrary authority to reduce mortgages is a can of worms Congress had best not open.


Editorial: Obama's Budget Represents Shifting Priorities
The Obama Administration's $3.6 trillion budget—complete with another $750 billion for bank bailouts—represents an enormous expenditure of both real and political capital.


Carbon Tax Ignores History
Like ethanol, President Obama's “green” economy may be more than he has bargained for.