Neil Barofsky, the Special Inspector General for TARP, in his most recent quarterly report to Congress has said, “The role of Federal government in financing housing has grown so dramatically since the outset of the housing crisis that the government now no longer simply supports the mortgage market. It has taken on so much of the risk involved in financing housing that it has become the market, with the taxpayer shouldering the risk that had once been borne by the private investor.”

Maximum number of U.S. banks said that they were helped by the federal bailout funds to shun a slump in lending in the recession-mired times.

Inspector General for Troubled Asset Relief Program, Neil Barofsky said that 40% of the 360 banks surveyed had engrossed unexpected losses by making capital cushions with funds provided under the TARP.

Mr. Barofsky, who served as prosecutor at the U.S. Attorney's Office for the Southern District of New York for a long time, has been given the responsibility of screening how tax payers' hard earned money ($700 billion) was spent.