Killefer served as assistant secretary for management and chief financial officer of the Treasury Department during the Clinton administration.

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Recently, the right-leaning Government Accountability Institute, led by Peter Schweizer, author of the muckraking manifesto "Throw Them All Out, " issued an incendiary report that accuses the Obama administration of neglecting financial fraud prosecutions because of the deep ties between senior Justice Department officials and the uppermost echelons of the financial sector.

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As the Speaker of the House, Ms. Pelosi was briefed by the administration and Treasury Department officials about the steps they were taking in the financial crisis.

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