Maggie; Maggie’s Notebook
Inspector General Christy Romero has released her report on the state of TARP, the Troubled Asset Relief Program. Taxpayers are still owed $133 BILLION of the $700 BILLION allocated, of which only $414 BILLION was spent. The fraud in TARP was rampant. The list below will not be the end of fraud reporting. Interesting thing about Christy Romero is that she worked as “counsel” to now-SEC head Mary Schapiro during the Bernie Madoff Ponzi scheme scandal. Madoff’s son worked for for Schapiro, and it seems she ignored whistleblowers whistling loudly.
Read all of the report TARP Fraud: $133B Still Owed Taxpayers: Romero Worked for Madoff Enabler Mary Schapiro