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October 7th, 2011 
FAKE NEWS for the Zionist agenda 
Felix Salmon
Reuters
October 7, 2011
ProPublica’s Paul Kiel has a fantastic story today about the way in which the government has proved utterly toothless with regard to auditing its mortgage-modification programs, never mind publicizing or enforcing whatever violations it did manage to find. HAMP, it turns out, is a perfect example of what happens when the government mandates change without enforcing it: huge amounts of money get spent, to little or no lasting effect. Neil Barofsky provides the nut quote:
“If you have a set of rules for which compliance is completely voluntary and no meaningful consequences for those who violate them, having all the audits and reviews in the world are not going to make a bit of difference,” he said. “It’s why the program has been a colossal failure.”
Kiel’s story is based on the government audits of just one mortgage servicer — GMAC — since Treasury refuses to release the audits of anybody else. (It only released GMAC’s after GMAC itself, to its credit, consented to the release.) Treasury has paid servicers some $471 million in cash incentives — but taxpayers aren’t allowed to audit where that cash has gone, or whether it has been effective. It’s a fiasco.
2 Responses to “Annals of government toothlessness, HAMP edition”
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It’s all a part of there plan to buy up as much of America as they can before the dollar inevitably collapses.Where do you suppose all that stimulus money is going? Huge amounts of property and resources in not only north,but even south America are being bought up right now,and it ain’t us average broke ass Americans that are buying it either.
What some people fail to see in this scheme is that even after the bail out. They still want your property so they can add it to their “assets” column. It’s all a sham built around basic accounting principles.