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introducing clip-to-blog

 The easiest way to blog the interesting things you find on the web.
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clipped from thehill.com
Meanwhile, Barofsky's office has opened 35 criminal and civil investigations into issues including suspected accounting fraud, securities fraud, insider trading, mortgage servicer misconduct, mortgage fraud, public corruption, false statements and taxes.
In fact, the Treasury Department is actively obstructing transparency," said Rep. Darrell Issa (R-Calif.), ranking member on the oversight committee.
Barofsky's office noted that banks have used government money for purposes other than increased lending, whether to build up capital cushions, repay debt or help finance acquisitions of other banks. His office is in the process of posting online responses to a survey of 360 banks receiving government aid.
TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion.
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