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Foreclosure Aid Fell Short, and Is Fading
By MICHAEL POWELL and ANDREW MARTIN
Last summer, as President Obama’s premier plan to save millions of Americans from foreclosure foundered, the administration tossed a new life preserver to homeowners.
Officials unveiled a $1 billion program to offer loans to help the jobless pay their mortgages until they could find work again. It was supposed to take effect before the end of the year, but as of today, the program has yet to accept any applications.
“We wait and wait, and they keep saying it’s coming.”
http://www.nytimes.com/2011/03/30/bu...ef=todayspaper
Question: If HAMP wasn't a fraud from the get-go, how would it look, feel and smell any different? And don't try to find where all the public dough went. No, don't try that . . . .
By MICHAEL POWELL and ANDREW MARTIN
Last summer, as President Obama’s premier plan to save millions of Americans from foreclosure foundered, the administration tossed a new life preserver to homeowners.
Officials unveiled a $1 billion program to offer loans to help the jobless pay their mortgages until they could find work again. It was supposed to take effect before the end of the year, but as of today, the program has yet to accept any applications.
“We wait and wait, and they keep saying it’s coming.”
http://www.nytimes.com/2011/03/30/bu...ef=todayspaper
Question: If HAMP wasn't a fraud from the get-go, how would it look, feel and smell any different? And don't try to find where all the public dough went. No, don't try that . . . .