Tarp IG: Brace for Indictments in Probes

Terris, Harry
July 2009
American Banker;7/29/2009, Vol. 174 Issue 144, p16
Trade Publication
The article presents commentary from Neil Barofsky, special inspector general for the U.S. government's Troubled Asset Relief Program (TARP). Barofsky believes efforts by his staff to identify wrongdoing in the disbursement of $3 trillion of TARP funds will inevitably lead to indictments. Among other things, Barofsky's people are investigating whether banks fraudulently doctored records to qualify for TARP money.


Related Articles

  • Neil Barofsky. Pressler, Jessica // New York;2/8/2010, Vol. 43 Issue 4, p16 

    An interview with Neil Barofsky, special inspector general of the Troubled Asset Relief Program (TARP) in the U.S., is presented. He mentions that he always talks about how much better things are in New York City than in Washington, D.C. According to Barofsky, TARP encourages banks to improve...

  • TARP's cost down to $25B as inspector general resigns. Schroeder, Peter // Hill;2/15/2011, Vol. 18 Issue 19, p17 

    The article offers information on the resignation of U.S. Treasury Department's special inspector general for the Troubled Asset Relief Program (TARP), Neil Barofsky.

  • Barofsky Says Treasury Misled Public. Hopkins, Cheyenne // American Banker;10/6/2009, Vol. 174 Issue 184, p16 

    The article reports that Neil Barofsky, Inspector General of the U.S. Department of the Treasury's Troubled Asset Relief Program (TARP), has issued a report to the Congress stating that the Treasury misled the public as to the financial health of some of the major banks which obtained funds...

  • Eye on the Bailout: TARP Watchdog Launches Audit of Bailout Contracts. Kiel, Paul // Pro Publica;2/ 7/2010, p4 

    The article presents information on an audit launched by the U.S. Troubled Asset Relief Program (TARP) for bailout contracts. Started by the special inspector general of TARP Neil Barofsky, the program will check whether the U.S. Treasury Deparment has been billed fairly for TARP funds contracts...

  • U.S. Bailouts Could Cost $23.7 Trillion, Inspector General Says.  // New American (08856540);8/17/2009, Vol. 25 Issue 17, p6 

    The article reports on the perception of Special Inspector General of the Troubled Asset Relief Program (TARP) Neil Barofsky that TARP and other U.S. government bailout programs could cost 23.7 billion dollars in 2009. He also projected that its entire gross domestic product will only be 14.1...

  • AFTER THREE YEARS AND TRILLIONS OF DOLLARS, OUR BANKS STILL DON'T WORK. Gandel, Stephen; Cendrowicz, Leo // Time;9/26/2011, Vol. 178 Issue 12, p40 

    The article discusses the U.S. banking industry from the perspective that bailouts during the global 2008-2009 financial crisis did not lead to economic recovery. The Troubled Asset Relief Program (TARP), credit and real estate markets, and factors contributing to a second wave of banks'...

  • Small Banks in Ailing States Exit Tarp. WITKOWSKI, RACHEL // American Banker;3/14/2011, Vol. 176 Issue 39, p1 

    The article reports on the views of financial executives in the small banking industry about the U.S. Troubled Asset Relief Program (Tarp). The discussion focuses on the government's bait-and-switch approach with program participants, the Capital Purchase Program that produced some loan growth,...

  • Tarp Turns Into Trap For Many Small Banks. Wack, Kevin // American Banker;9/30/2011, Vol. 176 Issue F338, p1 

    The article reports that small banks are struggling to repay their loans from the U.S. Treasury Department's Troubled Asset Relief Program (Tarp). The difficulty that small or community banks have in repaying the Tarp bailout loans in light of the closing of the government's Small Business...

  • Former Tarp Banks Lag Peers in SBLF Lending. Terris, Harry // American Banker;1/25/2012, Vol. 177 Issue 13, p9 

    The article discusses information from a U.S. Treasury Department report which supports criticism of the Small Business Lending Fund (SBLF). The report concluded banks that repaid their bailouts from the Troubled Asset Relief Program (Tarp) with SBLF funds increased their lending to small...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics