On his way out, TARP's Neil Barofsky nails Geithner: Most HAMP loan mods didn't just fail, they...

|By:, SA News Editor

On his way out, TARP's Neil Barofsky nails Geithner: Most HAMP loan mods didn't just fail, they left participants in worse shape than when they began. Citing "near universal agreement" that HAMP has failed to meet its goals, Barofsky says debate centers on whether it "should be terminated, replaced or revamped... Treasury, it seems, stands alone in defending the status quo."