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It has 45 investigators who are empowered to carry guns and badges, and 27 vehicles with sirens and lights spread out in its branch offices across the country. TARP agents are empowered to make arrests, and they've done just that 23 times, according to a spokeswoman. The agency says it is engaged in 142 ongoing criminal and civil investigations, and that it has already recovered assets worth $151.8 million.It's a law enforcement agency with an expiration date, though - by law, the agency expires as soon as all taxpayer dollars under TARP have been repaid, although that could be years from now.As early as last summer, TARP agents were participating in raids alongside other law enforcement agencies. They worked with FBI agents in a raid on Colonial Bank in Orlando, Florida in an investigation into possible TARP-related fraud. Witnesses saw armed law enforcement officers in the familiar oversized blue "raid jackets" with yellow lettering on the back. But the jackets didn't say "FBI."
