TITLE

Tarp IG: Brace for Indictments in Probes

AUTHOR(S)
Terris, Harry
PUB. DATE
July 2009
SOURCE
American Banker;7/29/2009, Vol. 174 Issue 144, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
43632719

 

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