Treasury Dept. Blows Off Order to Recoup $8.1 Mil Wasted on Parties, Gifts, Lunches

A federal housing program that blew $8.1 million on employee outings, parties, lunches and gifts has defied orders to recover the money, asserting that only 1% of the cash was misspent. Barack Obama launched the scandal-plagued program, known as Hardest Hit Fund, to help families hit by the housing crisis and it operates under the Treasury Department. Over the years, several federal audits have exposed pervasive fraud and waste in the Hardest Hit Fund, but the Treasury Department has failed to take any action.
An audit conducted by the inspector general for the Troubled Asset Relief Program (TARP), Obama’s disastrous initiative to rescue the nation’s ailing financial institutions, exposed the $8.1 million waste in Nevada’s Hardest Hit Fund last year. The money was spent on outrageous things like employee outings, staff lunches and gifts, parties, a fancy car for a supervisor and severance pay for a top official. The Treasury Department

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