One is to create a new special Inspector General's Office that would just look at Iraq.
Neil Barofsky, special inspector general for TARP, recently said that his office has more than 120 criminal investigations underway.
Mr. STUART BOWEN (Special Inspector General): Well, we've called it the reconstruction gap.
Barofsky, the former special inspector general for the Troubled Asset Relief Program, which was crafted to bail out teetering banks.
But now Neil Barofsky, special inspector general for TARP, is questioning how the Treasury came up with that lowball estimate.
The Special Inspector General for TARP has said Goldman might have had difficulty collecting on the credit protection it had bought on AIG.
Stuart Bowen, the Special Inspector General, said Monday that disarray in invoices and records on the project prompted auditors to temporarily suspend review.
Barofsky, former special inspector general in charge of oversight of the Troubled Asset Relief Program, was there, on the ground, in the trenches.
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Bharara is joined by the Inspector General of the Federal Housing Finance Agency and the Special Inspector General for the Troubled Asset Relief Program.
In a letter prefacing the audit, Mr. Sopko, the special inspector general, recommended that the State Department and USAID should recover from contractors any inappropriately reimbursed taxes.
The report, compiled by the Office of the Special Inspector General for the Troubled Asset Relief Program, accuses no one of lying, and it makes no recommendations.
But the special inspector general monitoring the government's bailout program says the Obama administration wanted to cut more dealers more quickly as a condition of rescuing the automakers.
There seems to be some wrangling right now between the Treasury Department and the Special Inspector General of TARP, Neil Barofsky, about how independent Barofsky's office in TARP is.
Stuart Bowen, who served as the special inspector general, said incremental changes are likely to fall short unless the government creates a new umbrella office to coordinate future redevelopment programs.
The two books are Bull By The Horns by Sheila Bair, former head of the FDIC, and Bailout by Neil Barofsky, former Special Inspector General in charge of oversight of TARP.
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The report warns that the government's failure to enact substantive safeguards poses a "strategic national-security weakness" for the U.S. The 150-page report, by the special inspector general for Iraq reconstruction, is being released on Wednesday.
From " Bailout: An Inside Account of how Washington Abandoned Main Street While Rescuing Wall Street, " by Neil Barofsky, former special inspector general to oversee the Troubled Assets Relief Program: Federal Reserve chairman Ben Bernanke "confided that he believed that Goldman Sachs would have been the next to go" after Morgan Stanley.
The inspector general for the Troubled Asset Relief Program is investigating whether the administration pressured GM to give the UAW special treatment, but the IG lacks subpoena power to force officials to testify.
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