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If They Don't HAVE To Help You, They Won't
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The government watchdog looking at the stimulus says that the Obama administration's program for helping homeowners avoid foreclosure is a miserable failure and the Treasury Department refuses to fix it. Simply put, they poured billions into a program to save homes through loan modification and then made the moronic move to make it VOLUNTARY. The banks often make more money by foreclosing than by modifying loans. Which do you think they chose? And that's why a tiny fraction of those seeking help got any. (Fox News)
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