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HomeMust See Testimony by William Black
Posted by Larry Doyle on April 21st, 2010 2:07 PM |
Yesterday, former bank regulator William Black provided riveting testimony before the House Financial Services Committee in which he unleashes on the many realities (failed regulation, fraudulent underwritings, etc) embedded in the Wall Street-Washington incestuous relationship. This video clip is a must see:
Treasury’s Housing Program: “Big Hat, No Cattle”
Posted by Larry Doyle on April 21st, 2010 12:04 PM |
High five to 12th Street Capital for pointing out the quarterly release of the Special Inspector General for the Troubled Asset Relief Program. While this report covers a wealth of topics, let’s zero in on the SIGTARP’s summation of the Treasury’s HAMP (Home Affordable Modification Program).
As our friends at 12th Street write:
Ultimately, the report goes on to focus on HAMP and I would say this sums it up best:
“In sum, until Treasury fulfills its commitment to provide a thoughtfully designed consistently administered, and fully transparent program, HAMP risks being remembered not for catalyzing a recovery from our current housing crisis, but rather for bold announcements, modest goals, and meager results.”
