[I]t eventually became clear the administrationís housing rescue was falling woefully short. While HAMP had aided fewer than 70,000 people in 2009, for instance, 2.5 million received foreclosure notices. [. . .] To date, administration programs have permanently reduced the debt of just one tenth of 1 percent of underwater borrowers.
The entire article is worth reading. The incompetence of one Tim Geithner shines through.
Speaking for me only
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