Tuesday, April 17, 2012

Washington picks Wall Street over the people



A report by the Inspector General's Office for the Troubled Asset Relief program revealed that a program called the Hardest Hit Fund, has gone for the most part unused. Out of more than $7 billion put into this initiative to provide relief for troubled homeowners in states hit the hardest by the housing crisis and by unemployment, only 3% of those funds had been used by the end of 2011, more than 2 years since the program's inception. And while the Treasury Department tried to defend itself, blame it all on the slow pace of government bureaucracy, the hypocrisy is just too much to bear. Alyona says this is just one small example in what's become an entire culture, of putting Wall Street and corporate interests first.

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