Tarp gone wild

It seems like the new objective for the fed is to see how far housing can fall now that they have taken care of the banks. I think the banks now have very little incentive to not increase their rate of foreclosure and get the "toxic" assets off of their books. The objective of the tarp funds was to take these bad assets off the books of the banks so they could begin lending again and encourage a bottom in home prices. It seems like the fed no longer felt that the continued drop in home prices was more acceptable than a closing of banks. It is a complete reversal. The original reasons for the tarp were no longer even an option. Until housing bottoms, banks can't lend even if purchasers put 20% down.