Foreclosure Crisis: Working Toward a Solution
The March oversight report for COP is entitled: The Foreclosure Crisis: Working Towards a Solution. In this report, COP examines the roots of the foreclosure crisis and offers a checklist for evaluating proposals to deal with this problem.
From the beginning, the Treasury Department has used its funding through the Troubled Asset Relief Program (TARP), to stabilize the financial institutions that lie at the top of the economic pyramid. COP members believe that the country will not be able to pull out of this recession and end the financial crisis without a plan to address the foreclosure crisis at the root of the downturn.