“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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Deep State Treason:  Former State Dept. Official Under Trump Tells China To Quit Negotiating Until Trump Is Removed In 2020

Deep state traitors no longer hide their deep hatred for the American people —

Mrs. Susan Thornton, the former acting assistant secretary of state in the Trump administration, told her Beijing audience to stop negotiating until President Trump is removed from office in 2020.

Until July 2018, she was Acting Assistant Secretary for East Asian and Pacific Affairs at the Department of State and led East Asia policy making amid crises with North Korea, escalating trade tensions with China, and a fast-changing international environment.

The Conservative Treehouse and The South China Morning News reported:

A former official in the Trump administration has said that China can weather the storm brought by the trade war with the United States but might have to “keep steady, keep their heads down and wait” for change in the White House.

Susan Thornton, former acting assistant secretary of state to US President Donald Trump, told a gathering in Shanghai on Wednesday that she hoped a trade deal between the US and China could be concluded by next month.

But the reality was that it would “take a while” for China and the US to talk about cooperation again, Thornton, who in 20 years rose to become the US State Department’s chief negotiator for East Asia and Pacific affairs, told the South China Morning Post.

“I want to be optimistic,” said Thornton, whose 27-year career in Washington ended in July. “I tell all our foreign counterparts they should keep steady, keep their heads down and wait. [They should] try to not let anything change dramatically.”

“If this sceptical attitude towards talking diplomacy continues in this administration, you might have to wait till another administration,” Thornton said at an event held by National Committee of US-China relations and Shanghai’s American Chamber.

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Acting Asst. Sec. Susan Thornton and EAP team en route to her nomination hearing before the Senate Foreign Relations Committee! 

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