The U.S. Treasury Department’s Troubled Asset Relief Program (TARP) may have expired, but some of the initiatives that grew out of that massive federal effort to bail out ailing banks and cope with other financial crisis fallout live onand not always in a positive way.
Consider the Hardest Hit Fund, which was meant to help struggling homeowners. Already under fire in the press, the $7.6 billion fund took another hit last week when it emerged as the main focus of a scathing report issued by Christy Romero, TARP’s new inspector general.
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