'We Do Not Seem To Be A Priority For The Treasury'
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The watchdog for the Troubled Asset Relief Program, the government's financial rescue plan, said today that the Treasury Department has not been cooperating with oversight efforts up to this point.
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"We do not seem to be a priority for the Treasury Department," the Congressional Oversight Panel's Elizabeth Warren told a Senate Finance Committee hearing today.
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"We have sent letters. We have requested that there be someone named so that we can get technical information. And so far, we have not been a first priority," Warren said.
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"We use what you give us, and we will exercise the leverage given to us by Congress. In part, that's why I'm here today. I'm here to talk to you about what's happened so far, what we have discovered so far, the inquiries that we have in mid-stream and for which we continue to await responses."
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Warren, visibly frustrated with a lack of cooperation from the administration, emphasized, "This problem starts with Treasury."
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Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program, voiced similar concerns.
Comments:
Madam Watchdog. Now, you know what the AMERICAN PEOPLE knew from the very beginning - bailouts would be a disaster - throwing money into an abyss. WASHINGTON and WALL STREET are too interconnected to allow transparency. Money flows between the two like blood in an UMBILICAL CORD. By the way. If you are going to be a watchdog, you better show some TEETH. You look more like a watch kitten. No wonder you were chosen for the job.
Posted by: Carol
Carol: Your point is hilarious and so true. She has no teeth, because Congress doesn't want her to have teeth. I have to re-post your comments ----- "Madam Watchdog. Now, you know what the AMERICAN PEOPLE knew from the very beginning - bailouts would be a disaster - throwing money into an abyss. WASHINGTON and WALL STREET are too interconnected to allow transparency. Money flows between the two like blood in an UMBILICAL CORD. By the way. If you are going to be a watchdog, you better show some TEETH. You look more like a watch kitten. No wonder you were chosen for the job." ---- Perfect!
Posted by: Karen
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