Obama Program to Help Struggling Homeowners Blows Millions on Parties, Cars, Booze, Luxury Travel
Years after a scathing federal audit exposed rampant waste in a multi-billion-dollar government program
to help the “unemployed or underemployed” pay their mortgage, the gouging continues full throttle. Public
officials who operate the disastrous project, known as Hardest Hit Fund (HHF), have wasted millions of
dollars on parties, fancy cars, gifts, extravagant dinners and receptions, gym memberships and luxury
travel.
Previous investigations have uncovered more than $11 M in wasteful spending at HHF for illegal things such
as employee bonuses, lavish shindigs, expensive vehicles and superfluous data storage. The latest enraging
figures are documented in a lengthy report to Congress that outlines how HHF continues fleecing American
taxpayers.
HHF=TARP
https://www.sigtarp.gov/Audit%20Reports/Unnecessary_Expenses_Audit_8.25.17.pdf
https://www.treasury.gov/initiatives/financial-stability/TARP-Programs/housing/hhf/Pages/default.aspx
https://www.oversight.gov/sites/default/files/oig-sa-reports/April_30_2019_Report_to_Congress.pdf