Harry Reid telling stories

Reid is on television saying how much he cares about people and how hard he is working on foreclosures all while real estate in his home state of Nevada is crumpling. The deterioration since the tarp failures has been catastrophic for a number of people trusting the fed would start to pull the "toxic" assets off the books of the bankrupt banks. However, since they had to play games and vie for face time instead of thinking through what they were doing with the "terrible asinine re-deployment of taxpayer capital Program, " TARP for short, they increased the likelihood of a much more forceful free fall in housing prices this spring. As for today Harry is on the tube lying again, and again since they are doing nothing to address the massive collapse that has started in housing. They keep saying there are numerous programs that are out there but if you talk to anyone interested in exploring the programs you will find out they are all just PR stunts with no real teeth. The banks are now in the driver seat and can not wait to foreclose on the properties because they just got the massive billion dollar bailouts.......they now can write down all mortgages and sell them off or foreclose and write off the loss and use fed funds to shore up there books. It is a disaster that is starting to snowball. The past 6 months rhetoric regarding housing has made any solution to the issue next to impossible now. The government is lying to and misleading homeowners into thinking that they should pay for an over valued asset because relief is on the way. There is no relief coming people.