Political Quotes

David Gergen: However, if the administration does move forward with forcing lenders to renegotiate mortgages downward, there are going…

On the recordFebruary 16, 2009
However, if the administration does move forward with forcing lenders to renegotiate mortgages downward, there are going to be a lot of conservatives who are going to say that -- what's called 'cram-down' is a terrible idea.
Said by
David Gergen
Independent · Massachusetts

Editor's note · Context

Gergen discusses potential backlash from conservatives regarding the administration's housing policy, particularly the idea of mortgage renegotiation.

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