Barofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion. The government has committed significantly more money through a variety of other federal agencies and programs.
WHAT?!
$23.7 trillion dollars?
Where was the Congressional appropriation for that?
snip
Meanwhile, Barofsky’s office has opened 35 criminal and civil investigations into issues including suspected accounting fraud, securities fraud, insider trading, mortgage servicer misconduct, mortgage fraud, public corruption, false statements and taxes.
That’s right, we have 35 criminal investigations connected to this nearly $24 trillion dollars of largesse too, and that’s only what Mr. Barofsky knows about. Anyone care to gander about what’s hidden from him? Oh wait – we got a problem there too:
