Obviously the headline act was Timothy Geithner. Off the record (or “on deep background”), Geithner is entirely different from the sometimes stiff character who appears on television. He is fun to argue with, very smart, good natured, and intellectually wily. As Yves Smith quipped afterwards, Geithner “gives good meeting.” Despite that, our seminar was an adversarial affair.
HAMP was mostly a foreclosure delaying program
Steve Randy Waldman at Interfluidity writes about a discussion last week with several bloggers and Treasury officials. A few excerpts: