Treasury may seek to remove watchdog from small business lending program

David Cho Washington Post 2/23/2010

Senior Treasury officials have told the financial bailout program’s inspector general that they are considering excluding a new $30 billion small-business lending initiative from the watchdog office’s oversight.

The message, delivered at a meeting last week, sparked outrage from Republicans, who accused the Treasury of taking revenge on the watchdog […]

ABC: A Tale Both Positive and a Cautionary: President Obama’s Phantom $15 Billion Program for Small Businesses

Jake Tapper ABC News February 8, 2010

Last March 16, President Obama and Treasury Secretary Tim Geithner announced a new $15 billion program to help encourage loans to small businesses — the Unlocking Credit for Small Businesses, or UCSB program.

Subsequently, wrote Neil Barofsky, Special Inspector General of the Troubled Asset Relief Program, in his […]

TARP Audit Finds Geithner Gave Away The Farm

Posted by Jill Schlesinger CBS News November 17, 2009

Special Inspector General for TARP (aka “SIG TARP”) Neil Barofsky said something we’ve all known for a while: the government gave away the farm when AIG failed.

If you recall, AIG’s failure meant that the companies on the other side of all of its contracts (counterparties) […]

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