WASHINGTON — The massive programs designed to rescue the nation's financial sector are operating without adequate oversight, with vague goals and limited disclosure of their details to the taxpayers who are paying for them, government watchdogs told a Senate panel Tuesday.
Well, that’s certainly good news. But wait, it gets even better. This from Bailout Sleuth:
Despite a stated policy of transparency, the main government watchdog over the $700 billion Troubled Asset Relief Program has redacted key information from its contracts with two outside consultants assisting with the oversight.
The Office of the Special Inspector General for TARP, headed by former federal prosecutor Neal M. Barofsky, blacked out portions of the contracts before posting them on its website.
It’s not exactly clear from reading the two articles if the two watchdog groups are one in the same but in the grand scheme of things, it doesn’t really matter as it would appear that the watchdogs need a watchdog... to be redacted at later date.
Yep, we’re in good hands.
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1 comment:
Thank you for a chronological record of events for the minutia of the impending apocolypse.
Brother to Twin Johns el-Baptismo, 'Dawg
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