Entries tagged "Neil Barofsky"

AIG gets 'no' from pay czar

The Treasury Department's pay czar has told AIG that the $198 million the company plans to put toward retention payments needs to be reduced.

Barofsky has Wall Street's role wrong

Wall Street's role is not -- or at least should not be -- to make profits at all costs, as Neil Barofsky, special inspector general for the banking rescue program, says it is.

TARP watchdog predicts shock and awe

Neil Barofsky is predicting a worst-case scenario of a $23.7 trillion bill if the government ends up having to make good on all its bailouts.

TARP cop snoops into AIG's CDS sales

The TARP's special inspector general is investigating AIG's decision pay 100% face value to unwind its derivative positions.

TARP cop starts cracking down

Neil Barofsky tells the Senate there's only $109 billion left in TARP and his office has a dozen investigations into fraud.

TARP's new watchdog Barofsky on familiar ground

Two months from the time it started spending the first half of the $700 billion Wall Street rescue fund, the Treasury Department's Troubled Asset Relief Program finally has a watchdog. On Monday, the Senate confirmed Neil M. Barofsky, a New York prosecutor, as special inspector general within the Treasury Department. Barofsky's appointment is the final regulatory requirement demanded by Congress when it passed the bill establishing the TARP fund in October....

Confirmation of TARP watchdog snagged

Senate confirmation of Neil Barofsky to be special inspector general of the Troubled Asset Relief Program is being delayed by resistance from at least one Republican senator. Senate Banking Committee Chairman Chris Dodd, D-Conn., revealed Friday that a "hold" has been placed on  Barofsky's confirmation by at least one senator. Senate rules allow any individual to block a vote on confirmation to a federal post for any reason. The identity of the lawmaker placing the hold is not made public, although it sometimes leaks out or is revealed by the senator placing the hold. Dodd did say that all Democratic...

Top tags

• M&A (1067)
• bankruptcy (543)
• private equity (519)
• politics (396)
• credit crisis (361)
• banks (353)
• Bank of America (349)
• banking (333)
• Citigroup (318)
• layoffs (312)