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Neil Barofsky Stepping Down
Monday, February 14, 2011 - 11:43am | 64According to a tweet from Special Inspector General of the Trouble Asset Relief Program, Neil M. Barofsky is resigning from his position. Barofsky was confirmed by the Senate on December 8, 2008, and was sworn into office on December 15, 2008. As SigTARP, Barofsky oversaw the investments made...
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Treasury Overstates TARP Success, Inspector General Says
Tuesday, October 26, 2010 - 1:10pm | 164Despite positive headlines on its success earlier this month, Neil Barofsky, the special inspector general for Treasury Department's bank bailout, the Troubled Asset Relief Program, issued a quarterly report to Congress that says the Treasury overstated the accomplishments of TARP to date. And the...
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Insider Trading Probe On US Banks To Be Conducted By Government Official (C, BAC)
Monday, February 1, 2010 - 12:23pm | 179According to the Financial Times, there have been charges that US Bank executives have been involved in insider trading, which are to be examined by Neil Barofsky, the US government’s financial rescue efforts special inspector-general. While the largest banks like Citigroup Inc. (NYSE: C) and Bank...
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New York Federal Reserve Accused over AIG Bailout and Document Disclosure Issues (AIG, GS)
Tuesday, January 26, 2010 - 9:53am | 156Neil Barofsky, the special inspector general overseeing the Troubled Assets Relief Program (TARP), is probing the New York Federal Reserve over its disclosure of documents related to bailouts of American International Group Inc, (NYSE: AIG) and its counterparties. The New York Federal Reserve is...