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Treasury Tries Defending HAMP at House Oversight Hearing
The House Oversight Committee is holding its first hearing since Darrell Issa got the gavel today, and it’s on TARP and foreclosures. And that bifurcation is accurate – the Republicans on the panel,...
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House Votes to End HAMP, Pelosi Confidant George Miller Joins Them
The news that the House of Representatives voted to end HAMP, the failed mortgage modification program of the Obama Administration, is not particularly noteworthy. The budget savings are miniscule –...
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SIGTARP Report Shows Failure of Treasury’s Hardest Hit Fund
The LA Times had the goods on the Treasury Department’s Hardest Hit Fund a month ago, showing that in California, the fund only paid out 2% of its allotment in the first 16 months. But that was about...
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