Page 5 - Clara Lopez News Today : Breaking News, Live Updates & Top Stories | Vimarsana

530,000 of the 1.3 million have canceled since the program began last march. they cannot pay the bills even with these modifications. bill: you know there s no recovery until the housing market gets solid yet again, the white house saying the program would have helped in the beginning, 4 million people. stuart varney, anchor of varney & company, from the fox business network, here now. your take on this is what, stuart? i don t want to be harsh, but this is the failed government program du juor. we ve got this report, it comes from neve barovsky, inspector general of the bank bailout fund, the t.a.r.p. and said look, we spent billions for nothing. we re not reaching many people and when you do reduce the monthly mortgage payment, a lot of people are defaulting all over again, despite the lower payments. we have spent so much, says barovsky, it amounts to a second and hidden and unknow able second stimulus perhaps. that s how much we ve spent on this. essentially it s a crit ....

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