"is the treasury avoiding the tarp fund watchdogs?"

[madrchsod]

if elizabeth warren can`t get the answers to where the money is going from the treasury.....


http://www.federaltimes.com/federal-times-blog/2009/03/31/is-treasury-avoiding-the-tarp-watchdogs/

[hamsterjill]

1. So far, I like her a lot!

I realize she's swimming upstream, but she's fighting hard to get the word out that the Treasury Dept. is not being forthcoming with the Oversight Committee.

[amandabeech]

2. The financial institutions have no duty under TARP or anything else to tell anyone anything.

The government is telling GM and Chrysler how to run their businesses, but the government has very idea of what's going on with the TARP recipients.

Tim Geitner was partially responsible for putting together the TARP when he was head of the New York Federal Reserve, but he didn't insist that any such thing go in and neither did Congress, including Obama, insist on it when they voted on it.

No one has proposed anything with the additional TARP authorizations. I don't think that it is in the current FDIC loan for trash propped up market program nor is anything in any of the Federal Reserve programs.

I don't expect to see anything change, either.

[MarjorieG]

3. Thought Congress tried for some accountability, but rebuffed, vetoed. Geithner really busy. Truly.

[amandabeech]

4. Geithner is busy, I'll grant you.

Maybe he could look outside Wall Street to find some people who wouldn't have to take a huge pay cut, pay back taxes or figure out whether their household help has a Visa.

Oh, I forgot. He had tax trouble himself.

I have a personal beef with elites who can't be bothered to get tax preparers or pay enough to get groundskeepers and nannies who can work here legally.

[MarjorieG]

5. Think it's a vanity thing with self-preparation and finance guys. Not the first to be brought down

Turbo Tax and difficult to understand tax code, even for him.

[amandabeech]

6. He needs a good accountant, not Turbo tax.

He has the money for it.