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February 11, 2009 – The Need for Increased Fraud Enforcement in the Wake of the Economic Downturn, John S. Pistole, Deputy Director, FBI, Before the Senate Judiciary Committee Hearing “Fraud Trends: The current financial crisis has produced one unexpected consequence: it has exposed prevalent fraud schemes that have been thriving in the global financial system. …
House Financial Services Committee hearing entitled TARP Accountability: Use of Federal Assistance by the First TARP Recipients, February 11, 2009. The committee called on eight CEOs representing companies who received TARP money to testify. Witness List & Prepared Testimony: Lloyd C. Blankfein, Chief Executive Officer and Chairman, Goldman Sachs & Co. James Dimon, Chief Executive …
Follow up to related postings on the American Recovery and Reinvestment Act of 2009, from the Senate Finance committee, this Side-By-Side Chart of Notable Differences Between the Senate-Passed and the House-Passed American Recovery and Reinvestment Act of 2009 Joint Committee on Taxation – Estimated Budget Effects Of The Revenue Provisions Contained In The American Recovery …
Statement of Douglas W. Elmendorf, Director, Expanding Health Insurance Coverage and Controlling Costs for Health Care before the Committee on the Budget, February 10, 2009 “Without changes in policy, a substantial and growing number of people under age 65 will lack health insurance. The Congressional Budget Office (CBO) estimates that the average number of nonelderly …
Congressional Budget Office: H.R. 1, American Recovery and Reinvestment Act of 2009, February 9, 2009. Cost estimate for an amendment in the nature of a substitute by Senator Reid for Senators Nelson and Collins, February 7, 2009. Purpose: In the nature of a substitute. IN THE SENATE OF THE UNITED STATES 111th Cong., 1st …
“Wikileaks has released nearly a billion dollars worth of quasi-secret reports commissioned by the United States Congress. The 6,780 reports, current as of this month, comprise over 127,000 pages of material on some of the most contentious issues in the nation…Nearly 2,300 of the reports were updated in the last 12 months, while the oldest …
“In response to a letter from GAP and 9 other public interest organizations, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) sent a letter to GAP demonstrating his commitment to protect whistleblowers who disclose evidence of waste, fraud and abuse of bailout funds. In the letter, Special IG Neil Barofsky states: “One …
WSJ: “Treasury Secretary Timothy Geithner’s revamp of the $700 billion financial-sector bailout is likely to rely on a broad range of tools, from injecting additional capital into banks and helping homeowners avoid foreclosure to expanding the roles of the Federal Reserve, Fannie Mae, Freddie Mac and the Federal Deposit Insurance Corp., according to people familiar …
AP: “A comparison of the $827 billion economic recovery plan drafted by Senate Democrats and moderate Republicans with an $820 billion version passed by the House. Additional debt costs would add about $350 billion or more over 10 years. Many provisions expire in two years.” Related postings on financial system
“GPOs Federal Digital System (FDsys) is an advanced digital system that will enable GPO to manage Government information in a digital form. FDsys will enable GPO to manage information from all three branches of the U.S. Government. As a state-of-the-art digital content management system, FDsys will contain information gathered through three methods: Files submitted by …
“Pursuant to the Emergency Economic Stabilization Act of 2008, the Office of the Special Inspector General for the Troubled Asset Relief Program [SIGTARP] must report to Congress on its oversight activities and compile certain specified data and information about the operation of TARP. SIGTARPs reports to Congress are due 60 days after confirmation of the …
Senate Banking Committee hearing, Pulling Back the TARP: Oversight of the Financial Rescue Program, February 5, 2009. Witness Testimony: Gene L. Dodaro, Acting Comptroller General, United States Government Accountability Office Neil M. Barofsky, Special Inspector General, Troubled Asset Relief Program Professor Elizabeth Warren, Chair, Congressional Oversight Panel for the Troubled Asset Relief Program: “As part …
