This is what happens when elites and academics with no real world experienc run the country:
"The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday's report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the United States, economists say . . . Many borrowers have complained that the government program is a bureaucratic nightmare. They say banks often lose their documents and then claim borrowers did not send back the necessary paperwork."
"Hello, I'm from the government and I'm here to screw up your life."
Wait until these buffoons start running healthcare.