Word: programer
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...same time, the government's loan-modification program has been disappointing: the default rate on loans modified after the third quarter of 2008 was 61%, according to a report issued in December by the Office of the Comptroller of the Currency and the Office of Thrift Supervision. All of this is expected to trigger another wave of potential home foreclosures in 2010 and could cause home prices to fall another 5% to 10% before the market stabilizes, according to analysts and economists...
...adopted by President George W. Bush, but the work was never completed, even if the previous White House occupants wanted to claim victory. "They wanted to proclaim that we had in fact solved the problem of information sharing," says Ted McNamara, who resigned in August 2009 as the program manager for the Information Sharing Environment, a congressionally created office to oversee the effort. "I think I convinced them that it was not a good idea. A) no one was going to believe them, and b) there were too many problems that were cropping up all the time...
...Boston Globe has named Harvard Law School Professor Elizabeth Warren its 2009 Bostonian of the Year for bringing “a sense of sanity to the economic crisis” as the official overseer of the U.S. bank bailout program...
...chair of the Congressional Oversight Panel, Warren has grilled Treasury officials and sought to defend the middle class while keeping a watchful eye on the government's Troubled Asset Relief Program (TARP), which was created in October 2008 to stave off a potential collapse of the U.S. financial system...
...Banks that were too big to fail a year and a half ago are now bigger,” Warren wrote. “Treasury was very effective at shoveling money into big banks, but it was not so effective at meeting the other goals Congress established for the program...