Sunday, February 17, 2008
"As the Bush administration announced a fresh plan to aid homeowners overburdened by their mortgages, initial figures suggest much-touted earlier efforts have done little to help most troubled borrowers. ... In a companion move, the administration announced a toll-free number for homeowners, but the hotline has provided counseling to just 36,000 borrowers in the past two months", WSJ, 13 February 2008.
Yves Smith has a 13 February post I agree with on this at http://www.nakedcapitalism.blogspot.com/. I have nothing to add to it.