Sigtarp hammers US housing support again

US government support for the financial sector has grown over the past 12 months, despite the gradual recovery of the banking industry, according to the latest quarterly oversight report released today.

The Special Inspector-General for the Troubled Assets Relief Program (Sigtarp), Neil Barofsky, writes that the total balance of outstanding support obligations for the financial system has grown from $3 trillion to $3.7 trillion – the gradual repayment of several aspects of the Tarp was

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