Comments on: Oversight: Unlike Katrina, TARP has an IPSIG

By: looseheadprop

looseheadprop — Sat, 25 Apr 2009 13:33:44 +0000

Not all investigations lead to indictment. Sometimes they lead to the conclusion that no crime has been committed. Sometimes they lead to the suspicion that a crime has been committed, but the conclusion that you do not have enough evidence for a prosecutable case.

What I like about the “20 investigations” is that unlike other people detailed from other parts of DOJ, and unlike some IG’s offices, and unlike OPR, Barofsky deems to be following the facts wherever they may lead instead of worrying about “not in my lane”

At the end of a given investigation, Barofsky may conclude that he does not have jurisdiction to prosecute something he has found, and can simply turn it over to some other part of DOJ or even to a State AG for prosecution.

It is the faucets wide open approach I am happy to see. Not even pursuing a lead because you have predetermined that it will not fall within your jurisdiction–except in really clear cut cases–is just an insidious form of predetermining the outcome (guilty or not guilty) of any investigation.

I am glad he seems to running down all of its leads.

By: bobschacht

bobschacht — Sat, 25 Apr 2009 00:09:37 +0000

Yes, Elizabeth Warren’s the one. Thanks for the reminder.

Bob in HI

By: druidity36

druidity36 — Fri, 24 Apr 2009 23:35:21 +0000

You know, i read Neil Barofsky and thought Hans Spakofsky(?). Isn’t he that fraud who Bush kept trying to appoint to the Federal Election Commission?

I kept thinking one dude was the other. You can imagine why i never expected anything to come of this…

Glad to hear the Universe is righting itself and i don’t have to be a perpetual cynic anymore.

Will these 20 “fraud investigations” bear fruit? Are they small fries? Or large fries being fried?

/shrug/

By: Funnydiva2002

Funnydiva2002 — Fri, 24 Apr 2009 23:28:21 +0000

Thanks for this, LHP! Keep us posted. This sounds like someone whose back we could/should be watching.

Bob in HI, I think it’s Elizabeth Warren. And I agree, she’s damn good.

FunnyDiva

By: Teddy Partridge

Teddy Partridge — Fri, 24 Apr 2009 23:16:12 +0000

Credit-rating agencies should have no part of any recovery effort going forward. They are at the heart of our current catastrophe.

By: bobschacht

bobschacht — Fri, 24 Apr 2009 23:12:51 +0000

Thanks for this catch, LHP! Please continue to follow up on this.

Is this work coordinated in any way with the watchdog appointed by Congress, which also seems to be doing excellent work, but which has been getting little cooperation from the Banksters? Sorry, I forget her name, but she seems to be a pretty sharp cookie backed up by good staff work.

And did you catch that pix that Rachel Maddow showed of the Big Meeting of the Banksters with President Obama? And how Dr. Maddow pointed out the slumbering Advisor Summers seated at the end of the table? Talk about “asleep at the wheel”– which sounds like a good nickname for Larry Summers. No wonder Harvard got rid of him.

Bob in HI