Entries by Paul Kiel

Gov’t Has Spent Small Fraction of $50 Billion Pledged for Loan Mods

”It’s a joke, because everyone’s asking ‘is [the program] really worth the $50 billion we’ve committed?’ We’ll never spend anywhere near that.” Palm Coast, FL – November 14, 2010 – When the Obama administration launched its flagship foreclosure prevention program in early 2009, it pledged to spend up to $50 billion helping struggling homeowners. But […]