A long overdue step

Just noting an item from the McClatchy site on an agreement between Congressional Democrats and Citigroup regarding accepting the idea of mortgage "cram-downs". This is where a bankruptcy judge can adjust the size of the debt owed on a home to reflect the current market value of the home. It only applies to existing mortgages and the borrower has to give ten-days notice to the lender. Given that the bailout money that has been given out has largely gone into allowing big banks to gobble up smaller ones and that lack of a provision in the original plan assisting people at the bottom of the food chain, this is a welcome provision.