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September 26, 2009
TARP IG: Financial system now in a 'far more dangerous place'
That observation by Neil Barofsky, Inspector General for the nearly $3 trillion in cash the feds have given to banks and generally referred to as the "Troubled Asset Relief Program," sat down with HuffPo's Christine Spolar and Lagan Sebert for an interview.Neil Barofsky is the man who tracks the historic bailout known as the Troubled Asset Relief Program, or TARP. The 39-year-old special inspector general monitors a dozen separate bailout-related programs that now account for nearly $3 trillion in financial commitments. A former federal prosecutor, Barofsky has subpoena power and has launched about three dozen investigations since being named to the post in December 2008. In an audit released in July, Barofsky made clear that he was intent on demanding transparency from all quarters -- including the U.S. Treasury. His next audit is due in October. During an interview with the Huffington Post...(Read Full Post)