Banking in the United States

The Obama administration is set to propose a broad package of initiatives to help millions of strained homeowners refinance with new government-backed mortgages with lower payments. The move is meant to help fix the current foreclosure crisis.

In the aftershocks of the financial crisis and with billions of dollars flying in stimulus, TARP, and other tools, have you been left wondering where your bailout is? We discuss personal finance with Beth Kobliner, author of ‘Get a Financial Life.’

Elizabeth Warren discusses her role with TARP, a proposed Consumer Financial Protection Agency and how the American middle class has been slowly buried under more and more fine print.

The Home Affordable Modification Program (HAMP) is intended to help homeowners cut the amount of interest they are paying on their mortgages. Some say the government’s plan is flawed, and that most consumers need a lot more then just reduced interest payments.