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Paul Kiel reports: "Why has the administration's flagship foreclosure prevention program been so ineffective in helping struggling homeowners get loan modifications and stay in their homes? One reason: The government's supervision of the program has apparently ranged from nonexistent to weak."

Deborah Stockhammer was approved for a foreclosure prevention program called the Hardest Hit Fund, but says that her loan servicer has yet to accept the money to keep her in her home, 07/28/11. (photo: Bruce R. Bennett/Palm Beach Post)
Deborah Stockhammer was approved for a foreclosure prevention program called the Hardest Hit Fund, but says that her loan servicer has yet to accept the money to keep her in her home, 07/28/11. (photo: Bruce R. Bennett/Palm Beach Post)

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+2 # postpen 2011-10-05 00:39
Follow the money. This reminds me of the fraudulent contractors for the Defense Dept. Someone, someone with a name, prosecutable, somewhere (at the banks again? Oh, geez) is profiting.
Why not bring back Elizabeth Warren to right things? And she isn't the only great public servant we have who will call a spade a spade and correct the corruption that injures all of us.
I know at least four people, current with their mortgages and with good credit, whose banks have renegotiated loans with *higher* payments under TARP, and who have lost their homes under false foreclosures.
It's corrosive to everyone's morale-- not the American Dream but waking up into the Bush nightmare ethos.
 

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