[Carley]

O’s solutions made the housing situation so much worse.

[Thrownatbirth]

We’re spending $75 billion for HAMP just so deadbeats can re-default.

[Obadiah]

Basically, what Obama has done is tell all the private banks with troubled loans to rewrite the loans with better terms and then sell all these loans to Fannie and Freddie. This is exactly what has happened.

The result?

Homeowners got a brief financial respite from a refi, but their financial ability or status never changed and they remain in the same basic troubled position as before, only:

Now instead of private banks holding these toxic loans, the American taxpayers are on the hook for all these trillions in toxic loans!!

Way to "solve the problem", Obama!