My biggest disappointment with President Obama is his complete abandon of the American homeowner, during and after the foreclosure crisis. He forced banks to setup readjustment hotlines that simply had busy signals. No single person was tried and convicted of the proven (literally) rubberstamping of tens of thousands of fraudulent notices of default that put tens of thousands of Americans out of their homes, with no legal recourse. There wasn’t a single predatory lender that had to face the music.
And while the DOJ was able to monetarily penalize Bank of America for billions of dollars, NOT ONE RED CENT GOES TO THE VICTIMS, not one bank executive will serve a day in jail.
To put it in perspective, the outlaw Occupy movement has saved more homes from illegal foreclosures than the US government. Outlaw because the same government was arresting Occupy members for their efforts.