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View Full Version : TARP Inspector Scrutinizes Federal Housing Program HAMP




bobbyw24
10-30-2009, 05:23 AM
Neil Barofsky, Congress’ special inspector general for the Troubled Asset Relief Program (TARP), makes no bones about his dissatisfaction and frustration with the Treasury’s management of the $700 billion purse.

Barofsky said the Treasury Department has misled the public and questioned the fairness of its payouts to the nation’s biggest banks in a report issued earlier this month.

In his most recent dissertation, Barofsky threatened to subpoena documents from the Treasury and White House to get to the bottom of exactly how TARP funds are being used.

http://t2.gstatic.com/images?q=tbn:m0iigtXH_OQR6M:http://jaredude.files.wordpress.com/2008/03/revolution.jpg

He also offered up a dissection of the administration’s Making Home Affordable (MHA) program, prefaced with a rebuke that the Treasury has not adopted previous recommendations his office has made for the program.


http://www.dsnews.com/articles/tarp-inspector-scrutinizes-housing-programs-2009-10-29