Green Room

Grassley Grills Obama’s Nominee Over TARP Oversight, AIG Payments

posted at 1:32 pm on July 22, 2009 by

Yesterday, Neil Baroffsky — SIGTARP, special inspector general for the TARP bailout — raised hell in a House Oversight Committee hearing. Today, on the other side of Capitol Hill, Sen. Chuck Grassley turned the flamethrower of “transparency” on a luckless Obama nominee:

Sen. Chuck Grassley, ranking member of the Committee on Finance, is seeking assurances from the Treasury Department that oversight of the $700 billion financial bailout program is as strong as possible.
Grassley asked for answers from a key Treasury nominee before the committee is scheduled to vote on the nomination.
 “Nine months into this program, the Treasury Department has repeatedly failed to adopt recommendations that the special inspector general says are essential to basic transparency and fulfilling Treasury’s stated commitment to spend $700 billion ‘with the highest degree of accountability and transparency possible,’ ”
Grassley said.
“The inspector general says there are at least four major recommendations that have not been adopted.
Treasury needs to explain to taxpayers why it’s easy to spend money but impossible to account for it.”
Last night, Grassley posed a series of follow-up questions to George Madison, nominated to be general counsel for the Department of the Treasury, and asked for answers by Thursday morning, when the Finance Committee is scheduled to vote on whether to recommend the nomination to the full Senate.

Read the whole thing. Meanwhile, you should check out the statements and documents from yesterday’s House hearings with SIGTARP Barofsky:

Add this to yesterday’s Hot Air IG-Gate Update, this morning’s Mother of All IG-Gate Updates, and certainly more to come at The Other McCain.

Isn’t transparency fun?

Recently in the Green Room:

Blowback

Trackbacks/Pings

Trackback URL

Comments

“Isn’t transparency fun?”

Yes. Especially when it leads to changes and/or charges.

cs89 on July 22, 2009 at 2:10 PM


HotAir — Politics, Culture, Media, 2017, Breaking News from a conservative viewpoint

Big man on the Middle Eastern campus

Biased Americans see media as biased.

Tough times down on the liberal ranch

Will Nancy Pelosi survive this latest Dem disaster?

Andrew Malcolm Jun 22, 2017 8:41 AM

Eat quick, before it’s gone.

Slow your roll, boss

“I’m bothered by the lack of emerging evidence…”

FIrst look at the Senate health bill

John Sexton Jun 21, 2017 9:21 PM

“the Senate bill would go farther than the House version in its approach to cutting Medicaid spending.”

Divide and conquer?

“If we do nothing, more companies will back out and more people will lose coverage.”

You know, I may have cracked the case for you, guys

“They’re still running against her and still winning races.”

“…the suspect is from Quebec and has a Canadian passport.”

When the Left lost their way on immigration

Jazz Shaw Jun 21, 2017 2:41 PM

It wasn’t all that long ago, really

“I personally watched some of these students go up to Chief Brown, right up to her face, and call her all kinds of names, cursing at her.”

Did the Queen “nix” a Trump visit to London?

Jazz Shaw Jun 21, 2017 12:41 PM

More like wishful thinking on the American left

Sometimes it’s hard. This was the hardest part

Did the polls get the Handel/Ossoff race wrong?

Allahpundit Jun 21, 2017 11:21 AM

Nah.

Physician, heal thyself

Maybe we’ll stay home and watch.

Good lack of work if you can get it

GOP takes 2 more special House races, meaning what?

Andrew Malcolm Jun 21, 2017 8:41 AM

Two more demoralizing moral victories for Dems.

Not a murder, but nearly as awful

GA Election results thread Update: Handel wins!

John Sexton Jun 20, 2017 7:10 PM

Late night?

7 p.m. ET: The election to end all elections

Allahpundit Jun 20, 2017 7:01 PM

Endgame.

Dashcam footage: The shooting of Philando Castile

Allahpundit Jun 20, 2017 6:31 PM

“Sir, I have to tell you that I do have a firearm on me.”

“Military personnel had to neutralize an individual.”

Because that’s pretty much the same thing, you see

“Now is the time to be more visible.”

“If you’re frustrated by the lack of transparency in this process, I share your frustration.”

Uh oh.

“No matter how radical, offensive, biased, prejudiced, fascist the program is?”

No regrets

And it’s not just your imagination