An inspector calls
Since his appointment last December, Tarp inspector Neil Barofsky has conducted a range of audits and investigations into sensitive issues – most recently condemning the US Treasury’s oversight of AIG’s compensation policies. He speaks to Mark Pengelly in an exclusive interview with Risk
October 2008 saw the passing of the Emergency Economic Stabilization Act and an unprecedented intervention into financial markets by the US government. With the original bill releasing a massive $700 billion of taxpayer funds, Congress was eager to ensure unprecedented intervention came with unprecedented oversight.
While the bail-out would be supervised by the Government Accountability Office, the bill also created a Congressional Oversight Panel (COP), as well as a Special Inspector General
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