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Intensely Focused

I'm not obsessed, I'm just intensely focued.

Currently reading

Home Improvement: Undead Edition
Charlaine Harris, Toni L.P. Kelner
Sherlock Holmes: The Complete Novels and Stories, Volume I
Arthur Conan Doyle
Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street - Neil Barofsky If you're interested in the bailout rather than how we got into this crisis in the first place you should definitely read this book.

I've been doing a lot of reading about the crisis and the aftermath, but there was still a lot that was new to me. I hadn't realized just how disorganized Treasury was or how involved the White House was in covering Treasury's ass at the expense of the taxpayers.

Apparently the real purpose of HAMP wasn't to help homeowners at all, but to slow down the defaults to spread out the pain for the banks. That's why the modifications didn't reduce the principle and the modifications expire in five years.

I'd heard that Congress wanted to bail out main street but this book did a good job of actually showing it. TARP and other programs were approved by Congress because they were supposed to bail out main street and as soon as the bills were passed Treasury abandoned that aspect.

The fact that TARP funds were generally paid back with money the banks borrowed from different government programs is something I knew but that I wish was better known by the general public.