TARP Inspector General resigns

[Freddie Stubbs]

Source: CNN

NEW YORK (CNNMoney) -- Neil Barofsky, the special inspector general of the Troubled Asset Relief Program, informed President Obama on Monday that he is resigning from his position, effective March 30.

"I believe that it is the right time for me to step down and pursue other opportunities," Barofsky wrote in his resignation letter.

Barofsky said he has fulfilled his goals related to TARP since his nomination by former President Bush on Dec. 8, 2008. These goals, he said, were "to build a robust law enforcement agency to bring to justice to those who sought to profit criminally from TARP" and "to ensure transparency in the operation of TARP."

He said he also achieved the goal of providing "effective oversight over the government's decision-making process to minimize instances of waste, fraud and abuse."

Read more: http://money.cnn.com/2011/02/14/news/economy/barofsky_tarp/

[xchrom]

1. who did he bring to 'justice'? nt

[dixiegrrrrl]

2. What did he DO at all?????

No criminal indictments for any of the fraud.
The SEC pursued a few "civil" investigations that amounted tothe usual "admits no wrong doing but pays a fine" settlements, essentially averaging out to a 10% tax on ill gotten money.

Madoff was convicted, the bank that laundered his money was not touched.

I am SO fed up.

[Angry Dragon]

3. His job is done

bush told him to do nothing ........ and nothing was done
MISSION ACCOMPLISHED

[OhioChick]

4. The phrase I was ready to use.....

"Mission Accomplished"

[Freddie Stubbs]

5. Presidnet Obama could have replaced him