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AMERICA LOST: Treasury?s meetings with bloggers tells a story that I didn?t want to hear.

By Implode-Explode Heavy Industries

``... incredibly, they are sticking by HAMP. Only now Treasury is saying that the benefit is found in spacing out foreclosures, as opposed to stopping unnecessary foreclosures. Tens of billions to spread out foreclosures in order to help banks take losses? on the backs of ordinary people? American citizens? taxpayers. Because I suppose the $3.7 TRILLION we gave the banks in 2009 alone wasn?t enough.''

Full post as published by Mortgage Lender Implode-o-Meter on August 30, 2010 (boomark / email).