Treasury Secretary Timothy Geithner has acknowledged that the program "won't come close" to fulfilling its original expectations, that its incentives are not "powerful enough" and that the mortgage servicers are "still doing a terribly inadequate job." But Treasury officials refuse to address these shortfalls. Instead they continue to stubbornly maintain that the program is a success and needs no material change, effectively assuring that Treasury's most specific Main Street promise will not be honored.

Finally, the country was assured that regulatory reform would address the threat to our financial system posed by large banks that have become effectively guaranteed by the government no matter how reckless their behavior. This promise also appears likely to go unfulfilled. The biggest banks are 20 percent larger than they were before the crisis and control a larger part of our economy than ever. They reasonably assume that the government will rescue them again, if necessary. Indeed, credit rating agencies incorporate future government bailouts into their assessments of the largest banks, exaggerating market distortions that provide them with an unfair advantage over smaller institutions, which continue to struggle.

From the perspective of the largest financial institutions, the glowing assessment is warranted: billions of dollars in taxpayer money allowed institutions that were on the brink of collapse not only to survive but even to flourish. These banks now enjoy record profits and the seemingly permanent competitive advantage that accompanies being deemed "too big to fail."

That's a "mission accomplished", not a failure people.  If ya thought there was ever gonna be some help for proles you've been pulling a Rip Van Winkle since 1980.  

With great regret but clear intent, I oppose continuing the federal Home Affordable Modification Program (HAMP) without significant changes," Miller said.

"On behalf of struggling homeowners in my congressional district trying to avoid foreclosure, I have gone to great lengths to pressure banks to change their behavior and to urge the Obama Administration to recognize the serious shortcomings of the HAMP program, shortcomings that have been well documented by numerous independent and authoritative sources.

"But the Administration has failed to respond to the legitimate criticisms of HAMP and as a result the Administration faces opposition to its program today on the floor of the House not only from those who oppose everything this Administration does for purely partisan reasons but also from Representatives like me who have genuinely sought to work with the Administration to improve this program. link

What a colossal rip-off. The politicians deserve to lose their jobs for voting for it - even though that one issue is perhaps the only one I agree with the tea-party about.