The U.S. government's $700 billion bailout program helped stabilize the financial system, but has done little to boost lending or stave off millions of home foreclosures, a government watchdog group said on Wednesday.
The Congressional Oversight Panel's new monthly report on the Troubled Asset Relief Program (TARP) came the same day as Treasury Secretary Timothy Geithner moved to extend the bailout fund into October 2010, although he pledged to deploy no more than $550 billion of it.
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