Oh, The Truth Is The Banks Are Insolvent? (Still)

``Treasury's HAMP is still resulting in DTIs, on average, of 55% and while this is an improvement over the impossible-to-service 72.2% a 55% DTI is still impossible to service if there is even the smallest challenge in the borrower's life... The bottom line? The banks are still insolvent, Treasury is still lying, the banks are still refusing to recognize losses that have already happened as a direct consequence of their intentional and outrageous conduct and all of this together will prevent any meaningful recovery the broader economy from taking hold.''