Tuesday, August 4, 2009

TARP watchdog raids 2 banks

http://money.cnn.com/2009/08/03/news...n=money_latest


I believe Mr. Barofsky takes his job quite seriously

It's unclear exactly what Barofsky is investigating. By law, he is charged with investigating fraud and other misconduct related to TARP.

His agency announced last month that it had launched 35 criminal and civil investigations into a range of allegations from accounting and securities fraud to insider trading and public corruption.

Kristine Belisle, a spokeswoman for the inspector general's office, said that agents "executed two search warrants today in the state of Florida." She declined to elaborate, citing the pending investigation.