SIGTARP: HAMP’s failure ‘devastating,’ permanent mods flat in December

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For the very first time, on October 25th, a high federal official, the “SIGTARP” or Special Inspector General for the TARP program that bailed out the largest financial institutions and their top investors after the 2008 economic crash, is now making a specific proposal to hold the top-level crooks accountable for the incentive-systems they had put into place motivating their employees to pump-and-dump.

The price is a bit more body roll, pitching and diving, but in practice the air suspension keeps the chassis reasonably flat. That said, if you start throwing it around, the Wraith’s weight transfer on soft suspension will quickly make your passengers queasy.

Alert Letter (December 14, 2015). Treasury's Opportunity to Increase HAMP's Effectiveness by Reaching More. Taxpayer Complaints to Hotline Help SIGTARP Fight Fraud and Highlight Continuing Problems with TARP Housing Programs. Rising Redefaults of HAMP Mortgage Modifications Hurt Homeowners,