It's bad enough they spent $800 billion on god-knows-what (we still don't have a complete accounting). But the report by Special Inspector General Neil Barofsky is so ridiculously critical of the Treasury Department's handling of TARP funds and procedures, that it seems that not only heads should roll, but people should go to jail.The Examiner has excerpts from the IG's report:When Treasury refuses for more than a year to require TARP recipients to account for the use of TARP funds, or claims that Capital Purchase Program participants were "healthy, viable" institutions knowing full well that some are not, or when it provides hundreds of billions of dollars in TARP assistance to institutions, and then relies on those same institutions to self-report any violations of their obligations to TARP, it damages the public's trust to a degree that is difficult to repair.[...][T]he most specific of TARP's Main Street goals, "preserving homeownership," has so far fallen...(Read Full Post)