Department of "Huh?!": HAMP Edition

Tracy Alloway:

Moving targets, US housing edition: If at first you don’t succeed . . . move the goal-posts. In the grand tradition of stimulus policy gone wrong, that seems to be just what the US Treasury has done in relation to its Hamp mortgage modification programme. Via Mike Konczal over at Rortybomb, who attended one of the blogger-meets at the Treasury last week:

They are sticking by HAMP. The narrative seemed to change from helping homeowners to spacing out the...