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- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - Neil Barofsky
How much drama can take place in boardrooms and on intra-agency phone conferences? Sheila Bair aims to find out in her financial-crisis memoir, "Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself."
The man who helped oversee the $700 billion bailout of the financial industry has a book deal.
Never before in history has such overwhelming evidence failed to convince the smart-set governing class of the obvious: Government cannot create wealth. Instead, our rulers bitterly cling to the notion that the government can spend your money more wisely than you can.
The government's independent watchdog for the $700 billion Wall Street bailout program is stepping down after more than two years on the job.
The Obama administration's foreclosure-prevention effort has been ineffective in tackling the foreclosure crisis, the watchdog for the federal bank bailouts said Monday.
The Treasury Department failed to consider the economic fallout when it told General Motors and Chrysler to quickly shutter many dealerships as part of government-led bankruptcies, a federal watchdog found.
Senate Majority Leader Harry Reid is planning a final vote Thursday morning on a sweeping overhaul of financial regulations.
A federal grand jury has indicted the head of what was once among the largest privately held mortgage lending companies for allegedly scheming to steal over half a billion dollars from the government's Troubled Assets Relief Program.
"TARP-related conflicts of interest can arise under various circumstances, such as when retained entities … perform similar work for Treasury and other clients," Mr. Barofsky said in the report. "In these situations, retained entities may find that their duty to clients may impair their objectivity when advising Treasury or may affect their ability about the proper use of nonpublic information."
"I am very pleased to report that SIGTARP has had a truly remarkable positive impact for an office of such a small size and recent creation," wrote Mr. Barofsky in his resignation letter to Mr. Obama. "... I believe that it is the right time for me to step down and pursue other opportunities."