Dave Dayen Does Great Job Describing "Government Cowardice" and Donovan's Complicity "Selling" the National Mortgage Settlement - Mandelman Matters

``So, on one side of the proverbial coin we have "more relief provided than what was required," and thanks to Dayen's work, on the other we have 90 percent fewer homeowners receiving assistance than promised by HUD Secretary Donovan.  We have Smith making reference to some $50 billion in gross relief, while Dayen shows us that $12 billion of that number was entirely meaningless.  And we have Smith's report showing 600,000 families receiving some form of relief, standing in stark contrast to the 83,000 families that received principal reductions according to Dayen.''