Wednesday, April 22, 2009

Bailout Overseer Reports Progress To Congress

Neil Barofsky, special inspector, is charged with making sure that TARP bailout funds are being used properly. In a report to Congress released Tuesday, Barofsky urges the Treasury to join him in asking banks to account for their use of TARP funds. The initial vision was a $700 billion bank bailout. But today, TARP, is a $3 trillion effort

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