“Hardest Hit Fund” to Help Struggling Homeowners Spent Millions on Parties, Bonuses, Cars

Image result for hardest hit fund fraudA multi-billion-dollar government program launched by Obama to help families hit by the housing crisis squandered millions on parties, employee bonuses, cars, and superfluous data storage. The program is known as Hardest Hit Fund and operates under the Treasury Department, which does little to oversee it and sits by as federal audits expose pervasive fraud and waste. The findings of the latest probe were released this month by the inspector general of another reckless Treasury gem, the Troubled Asset Relief Program (TARP), Obama’s disastrous initiative to rescue the nation’s ailing financial institutions.

The findings are documented in an exhaustive 93-page report that should enrage every American taxpayer. For those who don’t have the stamina to get through the entire document, here are some highlights; $3 million in expenses, deemed “unnecessary” by the watchdog, were spent on picnics, barbecues, gift cards, a new customer center, employee bonuses, cars, and more. Here’s a breakdown straight out of the federal audit; $598,374 went to car allowances, free parking, and other transportation perks; $342,728 was spent on settlements, severance, and other employee legal expenses; $342,407 went to employee bonuses, cash debit cards, gifts, and other perks; $258,333 was spent on “avoidable” data storage expenses; $150,618 on barbecues, parties, picnics, steak and seafood dinners, and other food and beverages. The rest was spent on unemployment payments to former employees and a customer center in Rhode Island that had already received federal money years earlier for a new office.

“Taxpayers are paying more for this program than is necessary, and losing Federal dollars to waste, because Treasury is not following its own contract to limit TARP spending to only expenses necessary to modify loans or demolish blighted houses,” the inspector general writes in the report. “Treasury has also allowed state agencies to charge TARP for expenses not included in the Permitted Expenses, such as food and beverages, which are not necessary to modify loans or demolish blighted houses.” The probe was requested by a U.S. senator in the aftermath of a 2016 audit exposing $8.1 million in waste in Nevada’s Hardest Hit Fund. In that case the money was blown 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 never bothered trying to recover the money, according to the audit, and the fraud continues to grow.

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Cool stuff, thanks for the share.

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ALERT ALERT

“Stop Mass Hysteria”  Michael Savage On Current Media Frenzy: It’s Like A Virus, An Epidemic… It Will Die Of Its Own Oxygen Deprivation 

The Gateway Pundit’s Jim Hoft interviewed Dr. Michael Savage on his latest book “Stop Mass Hysteria” this weekend.

“Stop Mass Hysteria” COULD NOT come at a better time. And our discussion with Dr. Savage on this subject was timely to say the least.

Dr. Savage discussed the history of mass hysteria in America from the Salem witch trials to the Trump-Russial collusion witch hunt.

Michael Savage also shared his thoughts on the mass hysteria surrounding the Brett Kavananaugh confirmation hearings.

Dr. Michael Savage: Let me just say starting from the beginning that there is a huge difference between mass hysteria and justified concern. And this is something we have to understand. There are imagined threats and then there is real danger as we all know. And this is an imagined threat – That Kavanaugh poses a threat to all women on the planet that he’s a mad rapist. That he will be on the Supreme Court running around and making the climate of rape more acceptable. This is the greatest example of mass hysteria since the Trump derangement syndrome. And it is a continuation of course, of the hatred of Trump and their hatred for those of us who supported Donald Trump, and Donald Trump’s agenda more than Donald Trump. It’s really not about Donald Trump it’s about the agenda which is largely based on modern nationalism that I offered for many, many years.

Dr. Savage is truly brilliant. He publishes a book on mass hyteria and the the Kavanaugh confirmation comes along.

Dr. Savage goes on to say the number one greatest threat facing America today is radical Islam. “For the last 1,400 years radical Islam has been at war with the world. This is not Islamophobia as the mainstream media would have you believe. It is history.”

Michael Savage took some time to bash CNN in his chapter titled “From Salem to CNN” where he compares the two asking, “They’re not too different are they?”

Michael Savage   @ASavageNation

MICHAEL SAVAGE AT THE PRESIDENT'S DESK (USED BY EISENHOWER, KENNEDY, CARTER, REAGAN, BUSH, CLINTON, BUSH, OBAMA, TRUMP)

Michael went on to describe the real “war on women” is the radical feminists who are actually debasing feminists and debasing women across America with false accusations, or exaggerated accusations.

Dr. Savage talked about the danger of mass hysteria, “It’s like a virus. As a trained epidemiologist it’s really like an epidemic. It’s almost a medical situation, this madness is very similar to an epidemic that continues to spread though a population without discriminating who it attacks. That’s the point. And so in stopping mass hysteria I try to bring real history to the discussion rather than straight polemics.”

Near the end of the interview I asked Michael about what will eventually the end of mass hysteria. Michael offered this, “We have to believe at the end reason will trump hysteria. We have to believe. I believe this mania we are living through will die of its own oxygen deprivation.”

Let’s hope Dr. Savage is right. He usually is. God help us.

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