It's mainly about bailouts and the disastrous effect of picking winners and rewarding risky behavior "Heads you win, tails the government bails you out."
This full report also talks about HAMP (page 10) and why it failed.
HAMP = Home Affordable Modification Program
Reading this makes me want to stock up on canned foods and ammunition (and I'm not joking).
http://www.sigtarp.gov/reports/congress/2011/January2011_Quarterly_Report_to_Congress.pdf
It's mainly about bailouts and the disastrous effect of picking winners and rewarding risky behavior "Heads you win, tails the government bails you out."
This full report also talks about HAMP (page 10) and why it failed.
HAMP = Home Affordable Modification Program
Reading this makes me want to stock up on canned foods and ammunition (and I'm not joking).