TARP Watchdog Reports Treasury Allowed Excessive Bonuses

By: Tuesday January 29, 2013 1:50 pm

The failure of the Treasury Department under Tim Geithner to rein in bonuses for companies bailed out by taxpayers has been an issue since TARP began.

 

Fed, Treasury Refuse to Take Libor Out of TARP Programs

By: Friday October 26, 2012 6:47 am

The Special Inspector General for TARP, Christy Romero, has recommended that the Federal Reserve and the Treasury Department stop using LIBOR, the benchmark interest rate derived in such a slipshod way that it was rigged for years. But the Fed and Treasury aren’t taking Romero up on the request.

FDL Book Salon Welcomes Neil Barofsky, Bailout: How I Watched Washington Rescue Wall Street While Abandoning Main Street

By: Saturday September 22, 2012 1:59 pm

I believe this is former Special Inspector General of TARP Neil Barofsky’s 206th media appearance in support of Bailout. He has tirelessly criss-crossed the media landscape to tell the story of his time in Washington and offer a warning about a government captured by Wall Street.

SIGTARP Reports and Truth Vigilante Slaps Administration

By: Saturday January 28, 2012 12:00 pm

SIGTARP isn’t happy about the failure of the Treasury to enforce its regulations on home mortgage servicers. Treasury has no response, and just whines. Anonymously.

Screw the American People, Except for the Corporate People

By: Monday August 22, 2011 6:30 pm

It was bad enough that the Feds stopped enforcing the law. Now they want the State Attorney Generals, including Eric Schneiderman of New York, to stop enforcing the law. But only as to banksters. Pot smokers are still fair game.

Treasury Tries Defending HAMP at House Oversight Hearing

By: Wednesday January 26, 2011 12:33 pm

The House Oversight Committee held its first hearing since Darrell Issa got the gavel today, and it’s on TARP and foreclosures. And that bifurcation is accurate – the Republicans on the panel, for the most part, are asking about TARP, and the Democrats are asking about foreclosures.

Geithner: Systemic Risk Is Whatever I Say It Is (You’re Welcome, Citigroup)

By: Friday January 14, 2011 7:00 am

Shahien Nasiripour’s article about Citibank’s near-bankruptcy in November 2008 shows how silly it is to expect safety by creating a “systemic risk council,” one headed, I might add, by Tim Geithner. He basically applies the Potter Stewart principle to systemic risk, saying that he’ll know it when he sees it. And somehow, I’d guess that he’ll see systemic risk in any big bank that goes down.

Trouble for Geithner? TARP IG Barofsky Has Open Investigation

By: Friday January 8, 2010 10:32 am

TARP Special Inspector General Neil Barofsky has launched an investigation into allegations that Treasury Secretary Tim Geitner ordered AIG to make material misstatements on their financial reports filed with the government. Barofsky’s the perfect guy for the job — will something come of this?

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