The Troubled Asset Relief Program set up to help banks respond to the financial crisis may never make a profit. In fact, it could hurt the economy in the long-run. It has propped up banks as “too big to fail” but hasn’t helped many homeowners in need.
These are all recent findings from TARP’s special inspector general, Christy Romero, who joined The Federal Drive with Tom Temin and Emily Kopp.
Romero said there is a misconception that TARP is over. “As taxpayers, we’re not out of the woods yet,” she said.
Tom Temin is the host of The Federal Drive, which airs from 6-10 a.m. on 1500 AM in the Washington, D.C. region and online everywhere. Tom has 30 years experience in journalism, mostly in technology markets. Before coming to Federal News Radio, he was a long-serving editor-in-chief of Government Computer News and Washington Technology magazines.