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Shock Report: TARP Fraud Grows, Feds Admit Taxpayers ‘Will Never Get Back’ Billions of Dollars

To all of you that voted for this POS and bought his BS that the taxpayers would be paid back...



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U.S. taxpayers are still owed nearly $133 billion that companies haven’t repaid from the financial bailout, according to a quarterly Special Inspector General Troubled Asset Relief Program (SIGTARP) report. The report also states that as of December 31, 2011, the Treasury has “written off $4.2 billion and realized losses of $7.8 billion that the taxpayer will never get back,“ and that it ”predicts losses on other TARP investments.”



But perhaps this shouldn’t come as a surprise. After all, some programs were designed as a “Government subsidy with no return to taxpayers,” according to the report.



Of the $700 billi


Added: Jan-27-2012 Occurred On: Jan-27-2012
By: aranger45
In:
Politics
Tags: Report, TARP, Fraud, Feds, Admit, Taxpayers, Will, Never, Get, Back, Billions
Location: New York, New York, United States (load item map)
Views: 3627 | Comments: 14 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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