Neil Barofsky

Bailout Callout: Watchdog Says Billions To Insurance Companies Go Against 'Spirit And Intent'

AP | MARCY GORDON | Posted 12.10.2009 | Business

Read More: Insurance, Economic Crisis, Watchdog, Insurance Bailout, Bailout, Neil Barofsky, Financial Crisis, Business News

WASHINGTON — The participation of two big insurers in the $700 billion financial rescue contradicted the goals of the government program, a bail...

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Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 11.25.2009 | Business

Read More: Socgen, President of the New York Federal Reserve, Timothy Geithner Treasury Secretary, TARP Watchdog, Calyon, Backdoor Bailout, Cdos, The New York Times, Sigtarp, A.I.G., Federal Reserve Bank of New York, Wachovia, Neil Barofsky, Bank of America, Merrill Lynch, Goldman Sachs, David Viniar, Bank of Montreal, Gretchen Morgenson, Credit Derivatives, Lehman, Timothy Geithner, A.I.G. Bailout, Frbny, Lucas Van Praag, Tarp, Lloyd Blankfein Apology, Business News
Janet Tavakoli

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

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Spitzer: "Geithner's Disgrace"

Slate Magazine | Eliot Spitzer | Posted 11.24.2009 | Business

Read More: Geithner Aig Counterparties, Aig Report, Geithner Aig, AIG Bailout, Neil Barofsky, Timothy Geithner, Eliot Spitzer, Spitzer Geithner, Business News

The issue has been festering for months: Why were AIG's counterparties -- including Goldman Sachs, JPMorgan Chase, and UBS -- paid 100 cents on the do...

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Knocking Down The Biggest Excuse For The Bailout

Cenk Uygur | Posted 11.24.2009 | Politics

Read More: Tarp, Aig, Goldman Sachs, Neil Barofsky, Inspector General, Bailout, Tim Geithner, Politics News
Cenk Uygur

If the Obama team wants to earn back some goodwill concerning the banks, they have to do better than the lame excuse of "we had to do it." They didn't have to do it this way. There were many other possibilities.

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Revisiting The Fed's Bailout Of AIG And The Benefits For Goldman Sachs

New York Times | GRETCHEN MORGENSON | Posted 11.22.2009 | Business

Read More: Tarp, Barofsky Tarp Report, Getihner, Goldman Sachs, Tarp Report, AIG Bailout, Neil Barofsky, Goldman, Taxpayers, The Fed, Aig, Bailout, Fed, New York Fed, Treasury, Bernanke, Hedge, Financial Crisis, Hank Paulson, Business News

A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, p...

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Goldman Sachs Would Have Been Damaged By AIG Failure: SIGTARP Report

Huffington Post | Ryan McCarthy | Posted 11.18.2009 | Business

Read More: Cdos, Goldman Sachs, David-Viniar, Credit Default Obligations, Tim Geithner, Derivatives, Neil Barofsky, Aig, Credit Default Swaps, American International Group, Business News

Last April, Goldman Sachs CFO David Viniar said he was "mystified" by concerns that the government bailout of AIG may have disproportionately favored ...

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Shahien Nasiripour

Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

HuffingtonPost.com | Shahien Nasiripour | Posted 11.17.2009 | Business

Read More: Tarp, Wells Fargo, Troubled Asset Relief Program, Bank of America, Federal Reserve, Neil Barofsky, Aig, American International Group, Federal Reserve Bank of New York, Merrill Lynch, Goldman Sachs, Bailout, Tim Geithner, Financial Crisis, Wachovia, Sigtarp, Business News

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nat...

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TARP Fraud Probes Have Tripled Since April, Says Watchdog

Huffington Post | Marcus Baram | Posted 11.13.2009 | Business

Read More: TARP Crimes, TARP Fraud, Bailout Fraud, TARP Watchdog, Barofsky TARP, Bailout Crime, Tarp, Neil Barofsky, FBI Bailout Funds, Business News

The watchdog charged with policing the massive government bailout says that he's conducting 65 investigations of possible fraud in the program, more t...

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Neil Barofsky, TARP Watchdog: Bailout Will 'Almost Certainly' Result In Loss For Taxpayers

bloomberg.com | Robert Schmidt | Posted 11.12.2009 | Business

Read More: Tarp, Bailout, TARP Watchdog, Chrysler, Gm, Bank of America, Neil Barofsky, Aig, Citgroup, Fiscal Policy, Business News

Nov. 12 (Bloomberg) -- Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will "almost certainly" r...

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Sam Stein

White House Waves Off Dire Analysis From TARP Special Inspector General

HuffingtonPost.com | Sam Stein | Posted 10.22.2009 | Politics

Read More: Tarp Too Big to Fail, Gibbs Neil Barofsky, Gibbs Too Big to Fail, Gibbs Inspector General Tarp, Robert Gibbs, Gibbs Tarp, Neil Barofsky, Politics News

Press Secretary Robert Gibbs on Thursday said the White House does not share the view that the nation's banking system is in a worse position that it ...

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Spitzer: Don't Let The Feds, Banking Lobby Handcuff State Regulators (VIDEO)

Huffington Post | Nicholas Graham | Posted 10.21.2009 | Business

Read More: Bailout Bandits, Neil Barofsky, Eliot Spitzer, Financial Crisis, Banks, Business News

The House Financial Services Committee will vote today on whether to establish a Consumer Financial Protection Agency. Former New York Governor, and A...

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Neil Barofsky: Bailout Helped But At A Great Cost

AP | JIM KUHNHENN | Posted 10.21.2009 | Business

Read More: Tarp, Wall Street Bailout, Wall Street, Bailout, Economy, Economic Crisis, Financial Crisis, Neil Barofsky, Goverment Watchdogs, Economic Recovery, Business News

WASHINGTON — The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said ...

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Treasury Backs Down In Clash With Bailout Watchdog

AP | JIM KUHNHENN | Posted 10.19.2009 | Politics

Read More: Treasury Department, Senate Finance Committee, Chuck Grassley, Obama Administration, Neil Barofsky, Max Baucus, Justice Department, Sigtarp, Transparency, Politics News

WASHINGTON — The Treasury Department has decided not to challenge the independence of the government watchdog agency that Congress created to ov...

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Treasury Retreats From Standoff With TARP Watchdog

The Wall Street Journal | EVAN PEREZ and DEBORAH SOLOMON | Posted 10.18.2009 | Business

Read More: TARP Watchdog, Treasury Department, Grassley, Sigtarp, Timothy Geithner, Chuck Grassley, TARP Repayments, Tarp, Neil Barofsky, Business News

The Treasury Department backed away from a standoff over the independence of the special government watchdog appointed to scrutinize how last year's $...

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Should Closed Car Dealers Be Re-Opened by Congress?

Steve Parker | Posted 08.24.2009 | Business

Read More: Tarp, Inspector General, Congress, California, Tesla Motors, Jim Press, America, Chrysler, Car Dealerships, Troubled Asset Relief Program, Neil Barofsky, Cars, Washington DC, Detroit News, Santa Monica, General Motors, Senator Jay Rockefeller, West Los Angeles, Little League, Senate Commerce Committee, Business News
Steve Parker

Dealers say that automakers will save little -- if anything -- from closing outlets.

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States Forced to Cut Services to the Bone: The Opportunity Cost of the Bank Bailout

Arianna Huffington | Posted 08.23.2009 | Home

Read More: State Budgets, Goldman Sachs, Wall Street Bailout, Bailout, Budget Cuts, Senate Banking Committee, Economy, Economic Crisis, Fiscal Crisis, Aig, Neil Barofsky, Ben Bernanke, Chris Dodd, Health Care, Citigroup, Home News
Arianna Huffington

Reading about the huge budget cuts almost every state in the country is being forced to make quickly puts the $4.7 trillion we have pumped into the financial sector into perspective, and leaves us pondering: what else we could have done with that money?

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Sam Stein

White House: TARP Money Might Not Be Traceable

HuffingtonPost.com | Sam Stein | Posted 08.21.2009 | Politics

Read More: Tarp Funds Lending, Neil Barofsky Testimony, Robert Gibbs, Troubled Asset Relief Program, Sigtarp, Gibbs Tarp, Neil Barofsky, Tarp Followable, Politics News

The White House is downplaying a government watchdog's harsh assessment about the lack of transparency in the financial industry bailouts by arguing t...

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Why Visiting Pompeii Has Me Thinking About the Smoke Billowing Out of Our Economic Mt. Vesuvius

Arianna Huffington | Posted 08.20.2009 | Business

Read More: Foreclosures, Job Losses, Wall Street Bailout, Bankruptcy, Pecora Commission, Aig, Neil Barofsky, Credit Card Debt, Goldman Sachs, Unemployment, Bailout, Pompeii, Financial Crisis, Economic Recovery, Wall Street, Health Care, Credit Card Industry, Business News
Arianna Huffington

Before Pompeii was wiped out by a volcanic eruption in 79 A.D., there were warning signs galore. But they were ignored. There is currently plenty of alarming smoke pouring out of our economic Vesuvius. It too is being ignored. READ MORE States Forced to Cut Services to the Bone: The Opportunity Cost of the Bank Bailout Reading about the huge budget cuts almost every state in the country is being forced to make leaves us pondering the opportunity cost of the bank bailout -- what else we could have done with the trillions we spent. The devastation is in the details... READ MORE TiVo Alert: I will be part of Sunday's roundtable panel on This Week with George Stephanopoulos, along with Paul Krugman, George Will, Donna Brazile, and David Brooks. The show airs at different times around the country, so check your local listings.

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Bailout May Cost $23.7 Trillion: Barofsky

AP | JIM KUHNHENN | Posted 08.20.2009 | Business

Read More: Bailout Costs, Tim Geithner, Tarp, Department of the Treasury, Bailout, Neil Barofsky, Business News

WASHINGTON - The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about on...

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Sam Stein

TARP Watchdog To Deliver Harsh Testimony On Treasury's Lack Of Transparency

HuffingtonPost.com | Sam Stein | Posted 08.20.2009 | Politics

Read More: Neil Barofsky Testimony, TARP Oversight, Tarp Neil Barofsky, TARP Watchdog, Troubled Asset Relief Program, Sigtarp, Tarp Transparency Neil Barofsky, Neil Barofsky, Politics News

Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP) is set to deliver much anticipated testimony on Tuesday b...

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Treasury Department Admits Challenging Independence Of TARP Inspector General

Political Punch, ABC News | Posted 07.19.2009 | Politics

Read More: Treasury TARP, Treasury, SIGTARP, Geithner Barofsky, TARP Inspector General, Tresaury TARP Inspector General, Neil Barofsky, Politics News

Officials of the Treasury Department admitted late Thursday that they have asked the Justice Department to weigh in on how much power they have over t...

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Ryan Grim

Confirmed: Barofsky Investigating Chrysler Bond Holders

HuffingtonPost.com | Ryan Grim | Posted 06.06.2009 | Business

Read More: Chrysler, Chrysler Barofsky, Barofsky, Neil Barofsky, Chrylser Credit Default Swaps, Barofsky Chrysler Investigation, Business News

Neal Barofsky is wasting no time investigating Wall Street banks and hedge funds who may have purposely driven Chrysler into bankruptcy in order to ca...

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Neil Barofsky's AIG Investigation Launched, Extends To Goldman Sachs Payments

Bloomberg | Hugh Son | Posted 05.08.2009 | Home

Read More: American International Group, Neil Barofsky, Aig, Aig Barofsky Investigation, Aig Investigation, Barofsky Investigates Aig, Neil Barofsky Investigates, New York-New York, Home News

April 7 (Bloomberg) -- American International Group Inc.'s payments to banks including Goldman Sachs Group Inc. after the insurer's bailout are being ...

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Ryan Grim

TARP Investigator Barofsky Opens Audit Of AIG

HuffingtonPost.com | Ryan Grim | Posted 05.04.2009 | Politics

Read More: Elijah Cummings, Tarp, Aig Audit, Tarp Aig, Financial Crisis, Neil Barofsky, Neil Barofky, Aig, AIG TARP Money, American International Group, Politics News

Neil Barofsky, the inspector general overseeing the financial bailout, launched an audit of American International Group on Thursday. Barofsky informe...

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Arthur Delaney

Barofsky To Announce Counterparty Audit

HuffingtonPost.com | Arthur Delaney | Posted 05.01.2009 | Politics

Read More: Aig, Neil Barofsky, Counterparties, Tarp Funds, Politics News

Government-appointed TARP watchdog Neil Barofsky said a Senate hearing Tuesday that he plans to review AIG's payments of billions in taxpayer bailout ...

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