The Treasury Department announced that several major banks had entered into an agreement to provide a ray of hope to some people experiencing foreclosure. The announcement says that if your home is more than thirty days from foreclosure sale, then certain qualifying homeowners will be given 30 extra days in which to try enter into a plan to repay the arrearage and bring the mortgage current. For all the hoopla attending the announcement, nothing concrete was presented. On the face of it some lucky homeowners get 30 more days to convince the bank to do something they have probably been talking themselves blue in the face about. I don’t see anything here except callous politics intended to improve the image of the administration without doing anything at all for the people in need. The problem is too significant for such a shallow gesture to appear anything but insulting. One in twenty homes, for example, were affected in Detroit.