corporate crime

Here Comes Barofsky

Neil Barofsky, SIGTARP, the TARP inspector general, is gunnin' for Wall Street. So reports Reuters:

The special inspector general for the government's bailout program said he would probe whether securities sold by Goldman Sachs Group Inc (GS.N) led to losses at AIG and if the American taxpayer was a victim of fraud.

Gets better:

Barofsky said he is in touch with the SEC and will possibly coordinate with the Department of Justice "to see if there are cases of fraud and if AIG and as a result, the American taxpayers, were victims of similar types of fraud."

Barofsky made the comments in response to questions from the ranking Republican on the Senate Finance Committee, Charles Grassley, at a hearing examining the TARP.

Obama/Geithner/Summers Betray America's Trust

The chorus of naysayers to the Obama administration's response to our economic crisis must be raised to deafening levels. There is little time to waste, even if our government may already be bought and paid for by the financial elites. That does not mean that the citizens must go down quietly or meekly.

Earlier today, Robert Oak highlighted an effort to urge Obama to reconsider his policies with respect to the mega-bank bailouts. For me, one of the most important parts of this appeal is: