SIGTARP Identifies Harm to Government's Credibility as Cost of TARP

The Special Inspector General of the TARP Program released its Quarterly Report dated Oct. 26, 2010.  The 338-page report assesses TARP after two years and, consistent with previous reports, does not mince words in describing problems.  It identifies as a fundamental non-financial cost of TARP the "potential harm to the Government's credibility that has attended this Program," because of the lack of transparency, program mismanagement, and flawed decision-making processes that have fueled public anger.