Relevant:
- Obama's Home Affordable "HAMP" Program a Failure; Another Huge Wave of Foreclosures Coming
- Treasury Defends HAMP, but GOP Wants to Kill It
- Obama May Prohibit Home-Loan Foreclosures Without HAMP Review
- Will Mortgage Settlement Avoid Repeating Obama's Foreclosure Failures?
- Housing: Washington Only Delaying Inevitable
2010-02-26 — blogspot.com
When a program is badly flawed and not working, the rational thing to do is scrap it. Given that HAMP (Obama's Home Affordable Mortgage Program), is a complete failure, someone thinking clearly would kill the program.
Instead, president Obama, acting like the typical bureaucrat, wants to massively expand it.
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