Dying Memphis Neighborhood Foretells Next U.S. Crisis: Mortgages

In 2009, Treasury earmarked $50 billion to help failing homeowners. By October 2012, the department had spent $5.5 billion, with another $5 billion committed. That might seem like a staggering bounty, until you compare it to assistance for the banks, which in 2008 -- the depths of the financial crisis -- collectively got $1.2 trillion of loans from the Federal Reserve on a single day.

http://www.bloomberg.com/news/2014-03-21/dying-memphis-neighborhood-foretells-next-u-s-crisis-mortgages.html