"What’s wrong with this picture? He obviously did not expect his - TopicsExpress

"What’s wrong with this picture? He obviously did not expect his students to remember how Democratic Congressman Barney Frank’s got Bush Treasury Secretary Hank Paulson to agree to link the $700 billion TARP subsidy to the banks to a mortgage-debt writedown. Paulson agreed to this, if President-elect Obama would sign on. He didn’t, and the proposal sank. President Obama also did not expect the Knox College liberal arts students to have read FDIC Chairperson Sheila Bair’s Bull by the Horns or SIGTARP Neil Barofsky’s Bailout to remember how Obama’s Treasury Secretary Tim Geithner disabled any serious plan to write down mortgage debts, by explaining to Barofsky that the Home Affordable Mortgage Program (HAMP) was intended merely to “foam the runway” to slow foreclosures, not prevent them."

Reading some right wing commentary that the west should leave the

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