Who Needs Congress? Obama's Very Own Cram Down Is Coming.

While the controversial "mortgage cram-down" legislation, seeking to give judges the power to alter mortgage contracts, works its way through our democratic process, Obama says 'Who needs a judge? Hell, who needs to wait on Congress?' He's got his own cram down plans. If the rush to repay TARP wasn't intense enough, it will now become a cattle stampede. The space between Chuck Schumer and a micrphone will be a relative safe zone compared to the space between TARPed banks and the Treasury's teller window.

UPDATE: Wait a second...upon further reading, so says the HUD Chief. Since when does HUD have power over the TARP? Isn't it a Treasury program? Any doubts that Obama wants to control the banks now?