[quote=CA renter]The HAMP program — and all the other programs and bailouts that were purported to “help homeowners” — were designed specifically to help banks from the very beginning. It was ALWAYS about saving the banks, not the numb-skulls who overpaid and over-HELOC’ed during the bubble. The PTB focused on the “helping homeowners” part because that was the only politically viable way to convince taxpayers (at least the less intelligent ones) to fork over trillions of dollars in bailout money and guarantees to the financial industry.[/quote]
Agreed. Very clear that’s their intention. And for anyone paying attention then they said you have to help the banks in order for the banks to help the people. Bunch of BS.
