In this video, Chairman Ted Kaufman of the TARP Congressional Oversight Panel introduces the COP December report “A Review of Treasury’s Foreclosure Prevention Programs.” The full report is available online here.
After two years of such reports, all of which have been varying levels of fail, we are no further along in the process of solving this crisis. Let us not forget that two years after the beginning of the Savings and Loan Crisis, we had more than 1,000 convictions for fraud. These convictions weren’t just bit players, they were the executives, presidents, vice presidents and board members.
Stephanie S. Jasky, Founder, Director - FedUpUSA.org