The Home Affordable Modification Program (HAMP), despite what President Obama says, extends the foreclosure period by entangling home owners in red tape, during which they'd accumulate hefty fees and penalties (all payable to the banks) and at the end of which they're thrown out on the street, anyway. It should come as no surprise to learn that Timothy Geithner is as an agent of the banks working directly against the interests of ordinary Americans. He admits it, himself, on more than one occasion.
Here is Neil Barofksy "Morning Joe" saying that Geithner said that the Treasury Department's housing policies were "foaming the runway for the banks" .
Money Trust Investigation: Investigation of Financial and Monetary Conditions in the United States Under House Resolutions Nos. 429 and 504
In 1912, a special subcommittee was convened by the Chairman of the House Banking and Currency Committee, Arsene P. Pujo. Its purpose was to investigate the "money trust," a small group of Wall Street bankers that exerted powerful control over the nation's finances. The committee's majority report concluded that a group of financial leaders had abused the public trust to consolidate control over many industries. The Pujo Committee report created a climate of public opinion that lead to the passage of the Federal Reserve Act of 1913 and the Clayton Antitrust Act of 1914.
The hearings were conducted between May 16, 1912 and February 26, 1913. The transcript of the hearings was published in three volumes. It is presented in the original 29 parts with the index, a table of interlocking directorates of 18 financial institutions, and the majority/minority report of the committee