This is troubling
Neil Barofsky, the special inspector general overseeing the Troubled Asset Relief Program, released a 260-page report detailing a long list of concerns about government efforts to prop up hundreds of banks, Wall Street firms and auto companies.
The report criticizes the Treasury Department the most for its unwillingness to adopt some of his recommendations.
Barofsky cites two examples: He wants Treasury to force bailout recipients to keep track of how exactly they are spending TARP funds. He also wants officials to erect a "firewall" to prevent private investment managers -- the kind hired to manage and invest taxpayer dollars -- from taking advantage of insider knowledge.
and this is probably the most troubling
Risk in the trillions?
Some lawmakers are already squealing about one figure in Barofsky's report, which assigns an eye-popping value of $23.7 trillion as the sum total of dozens of federal programs supporting companies, industries and consumers affected by the economic meltdown.
After we pass meaningful health care reform. We need to focus on reducing the power that banks have. Tim G and his cohorts need to go.