Treasury Department Challenges Independence of TARP Inspector General

I guess the Obama Administration should only appoint people to IG posts that have the name Sargeant Schultz and can say the phrase ‘I know nutting!’

1) An audit of the Fed is needed and Congressman Paul’s legislation H.R.1207 needs to move forward
2) What’s the update on 134 billion in Treasury issues that were being smuggled into Switzerland?
3)Any connection of Sovereign debt attempting to be unloaded surreptitiously for fear of Civil unrest and dollar failure brought on by a “Constitutional Crisis” anticipated in America by foreign intelligence services?

So as Bill Clinton predicted Obama is a Chicago thug…he has fired 3 Inspector Generals in the last month…all whom were close to indicting little ole Barry’s friends from stealing taxpayer money…
I mean who could have seen this coming…do the names…Rezko, Blago and Burris, and Allison ring a bell with any of the Obama-bots??? I mean Obama has only spent his ENTIRE LIFE on the public dole using other people’s money to enrich his friends, wife and finance his agenda. Great job, fools!
Corrupt as the day is long…HOW ARE YOU MORONS LIKING THAT “HOPE AND CHANGE”?

Sorry JHW539 – but what’s unclear is what “other behavior” was that led the Board to question Walpin’s capacity to serve, and what Walpin had done to “engage in other troubling and inappropriate conduct” and how he was “unduly disruptive to agency operations, impairing his effectiveness…”
The transparency is blinding – this administration is so transparently corrupt and crony-istic that they make Bush look like a kindergardner.

jwh, since you are not sure what is going on here how can you assert someone is being smeared?
That an Obama apologist is not troubled that the person in charge of overseeing TARP is being denied access to Treasury records required to do his job is less than reassuring to those of us who are skeptical of government.

Grassley said ”One of the biggest lessons of the last year is that the public deserves more transparency and, in turn, accountability from New York and Washington.”
love those Repubs talking transparency, honesty and accountability after 8 years of Bush & Cheney,
if it was so pathetic, it might be funny

jhw, “I guess since Obama is too clean a family man, this is what the Republicans are hoping to whip up a good smear about.”
I have no problem with and congratulate President Obama on his beautiful family, but what does that have to do with how he is governing?
As more and more information is coming to light about how this administration protects Obama’s corrupt cronies, a pattern is definitely emerging.
A squeaky-clean family man with an ethical blindspot and an healthy craving for control and adoration, I’ll agree with that.

All the regulations in the world mean zilch if there is no oversight. We are coming dangerously close to fascism.

Inspector General —— OUT!!!
Inspector Czar —— IN!!

WhereWasThePress?:”I have no problem with and congratulate President Obama on his beautiful family, but what does that have to do with how he is governing? ”
I was commenting on the approach the Republicans are using to attack President Obama. The typical, Rove-era Republican political attack focuses on personally demonizing the opponent. They even do this in primaries – note Bush’s slanderous push poll against McCain in 2000 (how much better off would we have been with McCain dealing with Saddam?), or the more typical attacks like Swift Boating Kerry, attacking Max Cleland (a triple amputee vetrean) for “breaking his oath to protect and defend the Constitution”, and of course their impeachment jihad against Clinton.

Did you read the blog post?… “The subject of the disagreement between Geithner and Barofsky remains unclear.”
Posted by: jhw539 |
——————-
I did read it and note that for the second time you have edited “The subject of the disagreement between Geithner and Barofsky remains unclear, but there is something of a paper trail.” some of which is then provided in the post.
Why don’t you do five minutes of research on Barofsky (hint he has testified to congress and appeared on news programs)? Afraid you might find something that doesn’t fit your narrative?

I was commenting on the approach the Republicans are using to attack President Obama. The typical, Rove-era Republican political attack focuses on personally demonizing the opponent…
Posted by: jhw539 |
——————-
One sided sanctimonious dribble. You have to be astonishingly ignorant to believe that only repubs engage in that kind of garbage or that washington is now less corrupt now that the dems are the majority.

jhw, “There is just speculation on this.”
There is clearly a pattern emerging if one is willing to look at the facts.

Fire All Inspectors General. What we really need is more Czars!! We can trust these Czar’s even though they have complete and total control of trillions of taxpayer dollars with no Congressional oversight. Just because they don’t answer to anyone but Dear Leader should not be a concern for the great unwashed in this country. Continue with your reality shows and computer games. Everything is under control.

SClanding:”Now pointing out that AGAIN Obama has been caught breaking the law ”
We all know how forgiving Republicans are of a Democratic president who breaks the law – could you please cite where they filed any charges? No? Why’s that – just because he has not broken any laws (that we know of) they aren’t bothering to file charges? Guess they’ve learned a bit since the 90′s.

===love those Repubs talking transparency,===
Don’t recall Bush running on transparency. Do recall Obama running on the most transparent administration, evah!

===It’s not, and I was EXPLICITLY commenting that it was not.
Posted by: jhw539 | Jun 18, 2009 2:21:42 PM===
Not in the quote I saw. You were explicitly comparing criticism of Obama to Rove-era tactics, personally demonizing an opponent. And then listed them.

“The typical, Rove-era Republican political attack focuses on personally demonizing the opponent.”
Well, I would say the DEMs and liberals have now surpassed everyone with their treatment of Sarah Palin. Talk about personal attacks and demonizing.

“What is pathetic is turning a blind eye to the ongoing culture of corruption in Washington because it’s no longer the Repubs that are front and center.”
Yes because paying off your mistress’s son thru the NRSC is an example of how the GOP has moved past their culture of corruption

Well, I would say the DEMs and liberals have now surpassed everyone with their treatment of Sarah Palin. Talk about personal attacks and demonizing.”
Oh please.
The crap hurled at the entire Clinton family for the past 15+ years far exceeds anything that Palin has had to contend with.
Bush had it worse than Palin.
But I guess she has decided that playing victim works for her.
Posted by: Ryan C | Jun 18, 2009 2:52:56 PM
========================
Yeah I’m sure she was hoping for 24X7 negative coverage, untrue damaging stories, disgusting insults at her family, damage to her reputation and twisting of her words so she could play the victim.
You have to be a liberal to seriously think that.

“Most of the public has become willingly ignorant and just want to be told what to think (and lied to) so they can get back to some pathetic reality show.”
We call them FoxNews viewers.

Posted by: Ryan C | Jun 18, 2009 2:58:42 PM
===================
Gee I’m shocked you don’t have any Huffington talking points on this story so you’re reduced to commenting on side issues.
How about you tell us how the firing of these IGs is justified.

Yes because paying off your mistress’s son thru the NRSC is an example of how the GOP has moved past their culture of corruption
Posted by: Ryan C
——————
Can you even name a democrat with corruption issues?

“Ah so things on a local scale for a mayor are some huge right wing plant.”
Walpin is a right wing activist.
He released his initial report in the heat of an election.
I seem to remember people flipping out about that when it happened to Palin.
The difference of course if Kevin Johnson won his election anyway.
But again Palin fires someone for refusing to intervene in a family dispute, right wingers applaud.
Its a delusion that right wingers actually care about abuse of power.
They just want the abuse of power to be conducted for the right wing.

“Can you even name a democrat with corruption issues”
Sure.
There’s of course the holdover case of William Jefferson who either is on trial now or soon.
Murtha has had quite the colorful career, one of the reasons I supported Hoyer as Whip.
Those are the more “serious” cases.
But for pure theater, nothing beats Blago.

Do any of the Obama supporters here think it is a worthwhile endeavor to make sure Inspectors General are getting the support they need to protect taxpayers’ money? Considering the trouble 3 of them are having, is it valid to look into it and report on it?
Or can we just assume the Obama administration is right?

“Do any of the Obama supporters here think it is a worthwhile endeavor to make sure Inspectors General are getting the support they need to protect taxpayers’ money”
I want the right wing activists out.
And that includes Walpin.

Walpin is a right wing activist.
Posted by: Ryan C | Jun 18, 2009 3:07:27 PM
======================
Wow what informed, detailed justification for his firing. Nothing like proof or other things required.
I pretty much gave up on you during the election cycle when you still have NEVER fully responded to the Fannie/Freddie contribution to the financial/housing situation. For you talking points are greater than facts so it is just a wasted dicussion and waste of disk space.

As part of his duties performing audits and keeping tracking TARP dollars, Barofsky asked the Treasury Department for some documents about a financial institution receiving tens of billions in taxpayer bailout dollars. The Treasury Department refused to hand them over, “on a specious claim of attorney-client privilege,” Grassley wrote. “It is my further understanding that this disagreement then escalated into broader questions about whether SIGTARP is subject to your direct supervision and direction, which may have been referred outside Treasury for an independent legal opinion.”
“The ability of Inspectors General to secure agency records subject to audit or investigation is essential to ensure the integrity and reliability of their work on behalf of Congress and the American People,” Grassley wrote. “The Inspectors General were created by Congress as a means to combat waste, fraud, and abuse and to be independent watchdogs ensuring that federal agencies are held accountable for their actions.”
So, Obama’s Tresury dept is withholding information from the person responsible for the oversight of TARP.
SO MUCH FOR THE TRANSPARENCY OF THIS PRESIDENCY!

“We also have people saying it’s hypocritical for Bristol Palin to go around supporting abstinence and working to help limit teen pregnancies. Strange though, they never have a complaint about a former drug addict trying to educate kids about the destructive nature of drug use, or a recovering alcoholic working to help underage kids from drinking.”
Probably because her efforts come off as incredibly insincere and politically calculated to help her mother’s career more than anything.

“One of the biggest smacks she had to take was her stance on teen sex/pregnancy and the fact her own daughter got pregnant. The libs still play that one up. Incredible, a teenager that makes a mistake & does not do what her parents told her. I guess that makes about 96.89% of us parents horrible because our kids occasionally do something stupid.”
If you lecture me and others about what a great parent you are and how you raised your kid right, how others should follow your path and your kid turns out to be far less than advertised, people are going to be less sympathetic.
Posted by: Ryan C | Jun 18, 2009 3:24:15 PM
==============================
You can only teach your kid the best you can and what they do is influenced by that but completely uncontrollable. Kids are their own person.
I don’t expect a high school/college age basement blogger to understand that though. You likely aren’t old enough yet to realize how much you don’t know.

“I don’t recall Chelsey taking anywhere near the media barrage that Palin’s kids have.”
Chelsea wasn;t used as a stage prop nearly as much as the Palin children.
And even then those wonderful right wingers thought it appropriate to call a 12 year old a girl a dog.
“As a matter of fact, the media laid off her almost entirely.”
The Clinton’s fiercely protected her.
“Can you site any times when the media went after any of Chelsey’s boyfriend’s they way they went after Levi???”
Chelsea’s boyfriends received quite a bit of press in the English tabs whiel she was at OxFord.
But I also do not remember any of her nf being forced to attend a political convention shot gun wedding style to prove that Palin family values remained in tact.
I felt terrible for the guy.
“It’s become so “acceptable” to left to attack Palin continuously that Letterman just “assumed” that the daughter with Palin on her trip to New York was Bristol. Yeah, ..right! That worked out well, didn’t it?”
And showing how politically craven the Palins are then claimed Letterman was advocating rape and inplied he was a child molester.
Palin better hope her looks keep up because as soon as they go , her support from right wing men will disappear.
See Ann Coulter and the ever more prominent adam’s apple as an example.

“You can only teach your kid the best you can and what they do is influenced by that but completely uncontrollable. Kids are their own person.”
Which is why the self righteous like Palin, should shut her pie hole when it comes to lecturing others on how to raise their kids.

“Can you even name a democrat with corruption issues”
~~
I’d be hardpressed to name one without..

“Wow what informed, detailed justification for his firing. Nothing like proof or other things required.”
I’m not the one who fired him.
I think he’s a right wing activist put there to make trouble.

===Sure, but I think as usual the right wing media is blowing this up. ===
How can you argue with that?

===Posted by: Cryos | Jun 18, 2009 3:42:32 PM===
You’re wasting your time. There is video of Barney Frank and other democrats saying FM/FM are sound. And no reforms were needed. And democrats still win this argument because facts never get in the way of a good story.
Posted by: Axey | Jun 18, 2009 3:46:06 PM
============================
Yeah I know I’m wasting my time. I just love putting it out there and watching it get ignored.
A common case of if facts don’t fit the desired cause then act like they don’t exist.
The Fannie/Freddie situation breaks the mold of so many liberal talking points and reactions to the housing/financial situation liberals have absoluely no choice but to ignore it.

I love liberals use of the term “right wing.” Republicans compromise on an issue taking a moderate stance and for the next round the compromise position becomes the “right wing” stance.
Changing the line of scrimmage mid game doesn’t make the other team offsides. It’s too bad the referees (MSM) act like they don’t see it.

“I love liberals use of the term “right wing.” Republicans compromise on an issue taking a moderate stance and for the next round the compromise position becomes the “right wing” stance.”
I use “right wing” to distinguish from Republicans.
For instance McCain, Lindsey Graham,. Coburn, etc.
These are Republicans.
Hannity, Rush and the morons like them in Congress (your Santorums, your Bachmanns) are right wingers.
Hope that helps.

“Changing the line of scrimmage mid game doesn’t make the other team offsides. It’s too bad the referees (MSM) act like they don’t see it.”
Kind of like blaming the economic crisis on Obama?
Don’t worry, the American people blame Bush, they were not fooled by the goalpost moving of the right wing media.

“Changing the line of scrimmage mid game doesn’t make the other team offsides. It’s too bad the referees (MSM) act like they don’t see it.”
Kind of like blaming the economic crisis on Obama?
Don’t worry, the American people blame Bush, they were not fooled by the goalpost moving of the right wing media.
Posted by: Ryan C | Jun 18, 2009 3:57:31 PM
===================
Deflection, deflection deflection. I expect no less from loyal partisans.
So whats up with Fannie/Freddie? LOL.

Ryan C:”Considering the trouble 3 of them are having, is it valid to look into it and report on it?”
Sure
=============
Great! Then let’s do that.

Are you referring to the term ‘swiftboating’ becoming a negative in the lexicon? I don’t think anyone saw that coming.
Posted by: Skip |
——————
Like borking, eh.
btw, did Kerry ever release his military records? Not that they are needed to satisfy YOUR intellectual curiosity.

“btw, did Kerry ever release his military records? Not that they are needed to satisfy YOUR intellectual curiosity.”
2005 – “Senator John F. Kerry, ending at least two years of refusal, has waived privacy restrictions and authorized the release of his full military and medical records.”
The lack of any substantive new material about Kerry’s military career in the documents raises the question of why Kerry refused for so long to waive privacy restrictions. An earlier release of the full record might have helped his campaign because it contains a number of reports lauding his service. Indeed, one of the first actions of the group that came to be known as Swift Boat Veterans for Truth was to call on Kerry to sign a privacy waiver and release all of his military and medical records.
But Kerry refused, even though it turned out that the records included commendations from some of the same veterans who were criticizing him”

What crappy reportijng. It’s a ‘hit job’, as they make it sound as bad as possible, referring to ‘criticism from both sides of the aisle’ – while nowhere noting that the one Democratic Senator they mention has since released a statement that she just wanted the administration to state a reason as the law required, they did, and she is now satisfied with their actions.
Oops, guess you forgot to include that, Jake, while trying for the Watergate reporting award. They also used the ‘not just one conflict’ section reducntantly in the article at the beginning and end.
Just to stoke the flames as hot as possible. Crappy reporting.

TARP is a COVER for Wall Street. Those funds have been used by the investment bankers to push-up stocks for the past few months. They were not used for “lending”. Stocks have BLOWN UP 40% in just three months. TARP is a cover and Geithner does not want us to see what is underneath.

It’s amazing that while the treasury and fedral reserve can colude to transfer 800,000,000,000 dollars from each of us and our children to the banks to ensure the bondholders who financed the subprime mess don’t lose a dime, some of you idiots still think the important issue is republican vs. democrat. Wake up. The only resistance to this, the single greatest act of robbery of the middle class in the history of civilization, were a tiny few in congress. Any congressman who supported public law 110-343 (TARP) is either too stupid or dishonest to be a dog catcher, much less a congressman.
if you’ve read this far, consider googling lew rockwell or mish.