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Oversight lags behind bailout outlay

Source: USA Today

Washington : DC : USA | 12 months ago

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In passing the $700 billion financial system bailout package, Congress insisted on naming watchdog officials and creating a panel to scrutinize how the money is spent. Yet, oversight of the plan is just getting started after two months have passed and nearly half of the money has been allocated. •...

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News Stories

Treasury rapped for no bailout specifics

News Source: United Press International | 12 months ago

Treasury for failing to ensure the $700 billion financial markets bailout is doing what it's supposed to do. "This was supposed to help keep people in their homes, make it possible for the American people to make large purchases like automobiles that...
Treasury faces sharp questions from lawmakers and watchdog panel

News Source: Star Tribune | 12 months ago

Lawmakers and a watchdog charged with overseeing the government's $700 billion financial sector rescue plan peppered the Treasury Department with pointed queries Wednesday in a bipartisan display of skepticism over the management and direction of the...
House questions spending of bailout money

News Source: International Herald Tribune | 12 months ago

A congressional hearing delivered a short "to-do" list on Wednesday morning to the Treasury department about its handling of the nation's financial rescue plan: First, follow the money. Second, fight more aggressively against the rising tide of...
At last, Treasury gets its bailout inspector

News Source: Politico | 12 months ago

Congress has approved Barofsky to monitor the federal government’s $700 billion rescue of the country’s financial system. As a special inspector general in the Treasury Department, Barofsky is the only executive branch official empowered to...
Oversight lags behind bailout outlay

News Source: USA Today | 12 months ago

In passing the $700 billion financial system bailout package, Congress insisted on naming watchdog officials and creating a panel to scrutinize how the money is spent. Yet, oversight of the plan is just getting started after two months have passed...