The Volokh Conspiracy - Bankruptcy Cramdown Bill Defeated in Senate:

Bloomberg:

The proposed "cram-down" amendment to a housing bill was defeated today in a 51-45 vote, with 12 Democrats among the 51 opponents. The measure needed 60 votes to pass over Republican objections. The House passed its version 234-191 on March 5.

	[Todd Zywicki, April 30, 2009 at 7:27pm] Trackbacks Bankruptcy Cramdown Bill Defeated in Senate: Bloomberg: The proposed "cram-down" amendment to a housing bill was defeated today in a 51-45 vote, with 12 Democrats among the 51 opponents. The measure needed 60 votes to pass over Republican objections. The House passed its version 234-191 on March 5.