Friday, July 20, 2012
Even when HAMP was announced it didn't seem that great a thing. As time went on it was pretty obvious that about the only folks who could possibly benefit were bankers. Li'l Timmy is, by most accounts, a pretty smart guy, and he is certainly a very pro-financial institutions kind of guy, so that this program was deliberately designed to help the banks and not homeowners isn't really surprising to me. That there is some form of evidence regarding this that is only now being brought to light is...well, not really surprising either.