US financial system support up $700 bln in past year-watchdog
* Total US govt financial system support seen at $3.7 trln
* US support swells by $700 bln in past year-watchdog
* Mortgage, housing commitments account for most of rise
* TARP watchdog criticizes Obama housing rescue efforts
By David Lawder
WASHINGTON, July 21 (Reuters) - Increased housing commitments swelled U.S.
taxpayers' total support for the financial system by $700 billion in the
past year to around $3.7 trillion, a government