Treasury

Elizabeth Warren pursues Oversight, through TARP Maze

originally posted 2009-04-12 21:29:02 -0500, bumped by carol

Elizabeth Warren was appointed chair of a newly created Congressional Oversight Panel (COP), which is charged with keeping tabs on the $700 billion bailout of the financial sector - including Troubled Assets Relief Program (TARP).

Warren however, has had some "Trouble" getting straight forward answers ... as she explained to the Boston Globe:

Keeping tabs on the bailout

By Elizabeth Warren -- April 12, 2009

    Elizabeth Warren: There's a major problem and a minor problem. The minor problem is documentation. I've spent four weeks now looking for someone who can give me the details of the stress test so that we can do an independent evaluation of whether the stress test is any good.

    We get: "someone will call [you] right back." Only the call doesn't come. The major problem is ...

The Balance Sheet Account

This is intended to provide some links, mainly from today, which I think contribute to the ongoing discussion about the Federal Reserve, the Treasury, the bank bail out, and the rest of the world.

It is not intended to be comprehensive, but just an informational type view of an ongoing discussion.

Paulson heads bailout: What is wrong with this financial picture?

[Update: with minor edits towards clarity - luaptifer]

This is incredible.

The Day the S.E.C. Changed the Game steps backward to the date, April 28, 2004, on which SEC gave the OK for the five banks that have precipitated the current spiral of the global financial crisis to begin their own financial risk monitoring programs rather than continuing to use the objective models then restraining all other banks from 'overdoing it'.

KBR, Half a Billion Dollars in Payroll Taxes, Not Paid!!!!

During work today I caught the following on NPR's Here and Now which comes out of Boston, and while it was a real nice, and comfortable, bright sunny day, My Freaking Rage Level Hit Sky High!!!

IRAQI WAR CONTRACTORS: