Well, it looks like the government is rolling out ANOTHER plan to save troubled home owners. It's all to evident at this point that the mortgage modification plan (HAMP) isn't working all that well. Out of 500,000 trial modifications less than 2000 were made permanent.
What's the newest plan you ask? They are going to try and shame the banks into making more modifications permanent. Yup, they are gonna start calling the banks names! I can see it now as Obama says "Bank of America, you just suck. You only modified 500 loans".
I wonder how long this will back up the mythical Tsunami and what will they come up with next. This one is so lame it's almost an admission that they are out of ideas.