House Oversight Committee Chairman Darrell Issa (R., Calif.) plans to announce that the Troubled Asset Relief Program and the foreclosure crisis will be the topic of the investigative committee’s first hearing next Wednesday.
The committee has asked Neil Barofsky, the special inspector general for the TARP, and Treasury Secretary Timothy Geithner to testify. Mr. Barofsky is expected to issue his latest report on the TARP that day.
One of the chief targets of Barofsky’s TARP investigations has been Citigroup. Particularly their shell game with regards to repaying TARP funds.
Let’s see. Bernanke stuffs the bank’s reserve with our money. Then Citigroup pays back TARP and pays huge bonuses to top management. Citi claims it repaid TARP out of its own funds, but that is not correct.
Citigroup, hmmm, didn’t one of Obamas ‘men’ just recently resigned only to surface at Citigroup?
Maybe, or hopefully we can get to the truth here!
They argued about having someone oversee the funds or they wouldn’t get the funds. An overseer was supposed to be picked as agreed upon and the TARP was voted as a yes. So where was the oversight and where is the money?
Audit the TARP funds.