Caught My Eye: TARP Watchdog: 'We Do Not Seem To Be A Priority For The Treasury'

Transparency? This government shoved a "stimulus" package thru congress without allowing time for anyone to read it, citing catastrophe or crises every other word, and the went on vacation. This goverment passed AIG bonuses they knew where in there, and then reneged on the deal with phoney outrage. This government is trying to shove thru a pork laden budget, without advertizing the last 5 years of huge deficit spending, by changing the rules for passage. This administration has done nothing but lie before, during and after the election. This government is not to be trusted on anything.

Duh? Did they really think they would tell the public what is going on and where all that money is going? Naaaa

Obama looting the country for his banker buddies on Wall St. and the media or congress being allowed to make it public? HAHAHAHAHA!!! No chance in HELL!!! Gotta love the fake indignation though... Priceless, give that woman a medal!

George,
How are you doing with those morning talking points from the White House? Still lying about it and trying to hide it?

Look like the stinky stuff of Obama administration is going to hit the fan soon.. This will be ugly.

I am saddened, but not surprised, that the members of Congress seem so stupid. Take Wells Fargo as an example. They have assets of $1.4 Trillion. They received $25 Billion in TARP funds. Since receiving those funds they have lent or committed to loans exceeding $100 Million and have paid salaries, utilities, rent, insurance, interest on deposits and many other expenses. How can they possibly tell us accurately where the $25 Billion was spent? What a waste of time and effort and expense to try to find out.

What is going wrong in this country ??
Bush got blame and hammered with the war in Iraq and this guy has destroyed us in less than a 100 days got us a deficit of nearly a trillion dollars and Obama almost triple that amount with borrowed money!!! and all he says is that is not his fault, he inhereted, BS!! wake up stupid and ignorant people !! This country is going down like the Titanic and you all fools, who voted him into office are the ones to blame !!

"ABC News has asked the Treasury Department for a response and will update when and if they get back."

So if they just ignore it, story over?

The problem is that there is only one person at Treasury and it is Geithner.

Geithner needs help. He is understaffed.

George: I find this very troublesome, and reeks of obfuscation on the part of the Treasury. A criminal investigation should ensue if they refuse to provide the information or "slow play." This is the stuff I'd expect from the likes of, say, Jimmy Hoffa, and not my Government. National Security I will refuse as a reason for such delay and would signal "insider trading" within the Banking Complex. Transparency is the only way to root out corruption on these economic issues.

You mean that everything that Obama critics claimed he was going to do during the election IS ACTUALLY happening? Hmm, go figure??

I blame those who campaigned for this man knowing full well what he was going to do to our country. It's yours - you own it.

Ms Warren is chipping away at a Treasury stonewall, with a teaspoon, to get the transparency that the American public deserves. I'm no politico, but do I hear a whistle? Who runs the 362 other companies that recieved TARP funding? And why are they being protected from public scorn?! If Elizabeth Warren and her congressional oversite panel were given priority, they might catch the criminals who have been robbing the American public since I was born. And no, I am not a really articulate 5th grader.

Check out the meeting notes for the Financial Stability Oversight board: http://www.financialstability.gov/about/oversight.html

Their last meeting was in January. They were created to meet monthly, to oversee TARP. I guess Obama and Geithner have been to busy to meet, even 1 time, on how that $700 Bn is being spent.

Get out of the way! Where's that checkbook!

yep. no doubt there IS an “explosion of government” under obama. it falls far short of socialism however because all of these explosions of government spending do NOTHING TO HELP THE MIDDLE CLASS!

sorry — not yelling at you, just talking loudly.

the massive looting of the treasury is COSTING the middle class, NOT benefiting us. In a socialist economy government spends big bucks on systems that HELP us, like:

universal health coverage
free (or almost free) university tuition
long-term and real unemployment benefits
good quality public schools
widespread public safety and low crime
free museums and parks
excellent mass transit and train systems
paid leave for parents
tax deductions and subsidies for day care for working mothers
mandatory vacation, sick leave, disability
pensions and retirement accounts

People can be opposed to that sort of public spending — in fact most Americans probably are (not me — I’d LOVE to see the $40,000 we spend in taxes every year going to most of those programs) but that is NOT AND NEVER WILL BE what obama and his minions want to see.

the massive taxpayer spending going on under obama is flowing directly to:

1. campaign donors
2. very very rich people
3. democratic party machines in cities and states in order to get votes for 2010 and 2012

Shucks, i WISH the looting of our treasury was at least being used on the middle and working classes. nope — it’s going to the very very rich so that they’ll underwrite obama’s next election, and to the politicians and the poor people they scam so that they’ll vote for him and the dems in the next elections.

it’s a banana republic with an oligarchy running banana headquarters in DC, aka the major branch office of Wall Street.

Madam Watchdog. Now, you know what the AMERICAN PEOPLE knew from the very beginning - bailouts would be a disaster - throwing money into an abyss. WASHINGTON and WALL STREET are too interconnected to allow transparency. Money flows between the two like blood in an UMBILICAL CORD. By the way. If you are going to be a watchdog, you better show some TEETH. You look more like a watch kitten. No wonder you were chosen for the job.

george s is a propagandist, he helped fool the public into voting for a socialist (obama)

All a bank has to do is run a configured financial report on their computer and they can have the information the investigators want. Financial institutions have many, many report models they run every day. They know exactly where every dollar goes. There is no excuses. So the real question is: is the Treasury Department lazy, corrupt, or under-staffed? Inquiring minds want to know.

Obama is good

Obama is great

We surrender our will

As of this date.

I'm not sure what is going on. This is a mess. But I have a problem with a "oversight" committee complaining that the Treasury (or anyone else) is not responsive because THEY will not "over see" TARP money. Isn't that what the committee is for?

I know that a lot of money is going to be wasted. Old and new administrations failed on this point. This is not a Democratic or GOP problem. Both parties are responsible.

"yep. no doubt there IS an “explosion of government” under obama. it falls far short of socialism however because all of these explosions of government spending do NOTHING TO HELP THE MIDDLE CLASS!"

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LOL, and you think socialism will ?????

I know she is flustrated but Geitner is the only one working at the treasury so far. Obama has not had time to appoint anyone else because he is working on his new world order and all. If she will just leave Tim a message he will get back with her in a few years.

Carol: Your point is hilarious and so true. She has no teeth, because Congress doesn't want her to have teeth. I have to re-post your comments ----- "Madam Watchdog. Now, you know what the AMERICAN PEOPLE knew from the very beginning - bailouts would be a disaster - throwing money into an abyss. WASHINGTON and WALL STREET are too interconnected to allow transparency. Money flows between the two like blood in an UMBILICAL CORD. By the way. If you are going to be a watchdog, you better show some TEETH. You look more like a watch kitten. No wonder you were chosen for the job." ---- Perfect!

I can tell you where the lion's share of the TARP funds have gone... the funds went in the front door of these financial institutions and was shoveled out the back door to hedge funds just as quickly.

Obama is good

Obama is great

We surrender our will

As of this date.

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zom,

Actually.....

You are not of the Body.

You will be absorbed!

It is the will of Landru (Obama).