Obama Administration in a Scramble to Do Something Right for Housing Market

"The Home Affordable Modification Program was initially just a dumb idea, but Treasury Secretary Tim Geithner’s implementation of the program transformed sophomoric dumbness into nuclear stupidity. HAMP managed to take an unprecedented American tragedy an actually make it worse, almost like if the Bush Administration had mistakenly ordered the bombing of Southern Manhattan right after the second tower of the World Trade Center fell on the morning of 9-11-01. Unthinkable, right? Yeah, I used to think so too."