UPDATE 1-Some U.S. bailout funds won't be recovered-watchdog

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(Adds details from testimony, Treasury comments) By David Lawder WASHINGTON, Sept 24 (Reuters) - U.S. taxpayers will probably never recover all of the hundreds of billions of dollars invested to bail out financial firms, automakers and homeowners, a key watchdog for the program said on Thursday. Neil Barofsky, the special inspector general for the U.S. Treasury's $700 billion Troubled Asset Relief Program (TARP), said in prepared U.S. Senate testimony that the bailout fund played a ...

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