Freddie Mac, Given Oversight of Mortgage Mod Program, Falls Down on Job

Paul Kiel, ProPublica: "Since its March launch, the government's $50 billion program to prevent foreclosures has been marked by confusion, delays and doubts. A little-noticed conclusion in a government report released on Wednesday reveals that the program's auditor is no different: Freddie Mac - yes, that Freddie Mac - has been given responsibility for auditing the program. And it turns out, Freddie is stuck at square one."

//www.truthout.org/1024095



Stop the Getaway Car

Eugene Robinson: "Slashing executive salaries, bonuses and perks at the seven bailed-out companies that gorged most gluttonously at the public trough is emotionally satisfying, but it shouldn't be. It's like arresting jaywalkers while ignoring the bank robbery that's happening in broad daylight down the block.... All this is just a sideshow. The main event is the limited, far-too-modest attempt by the Obama administration and Congress to curb the irresponsible Wall Street practices that led to the financial meltdown -- and, if unaddressed, will lead inexorably to the next crisis."

//www.truthout.org/1024096



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