Watchdog Slams Gov't In TARP Report

Law360, New York (October 21, 2009, 7:50 PM EDT) -- Taxpayers are unlikely to see the full return of the nearly $700 billion allocated to the Troubled Asset Relief Program, and the injection of government funds into insolvent businesses risks reinforcing the corporate behavior that led to the financial crisis, a government report said Wednesday.

The comments came in the quarterly report of the Office of the Special Inspector General for the Troubled Asset Relief Program, which is charged with overseeing the government bailout that was designed to shore up the economy.

Neil Barofsky, the special...
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