Wednesday, February 17, 2010


I did ask about whether there was concern about ongoing foreclosure crisis, as the HAMP program is not working.* There was some hint that maybe something was in the works. I didn't get any details but I didn't get the sense that it would be super ambitious. There was never any perfect way to deal with the foreclosure crisis, but there were better and more effect ways.

...adding, "not working" depends on what you think it was supposed to do. Some would argue that it reached a decent number of the people who could be helped by the program. But they allocated a bunch of money to it and threw around some impressive sounding numbers early on. And it hasn't helped many people. So. Not working.