New Sherriff in Town

[freebird5825]

this is an informational post, not a rabble rouser.
For those in the private sector, Inspector General means IG, and IG means there's a new sherriff in town. ask any of our retired military folks here about the IG.

from Government Executive...
Senators aim to confirm bailout watchdog by end of week
By Elizabeth Newell
Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, said on Wednesday that he hopes to have Neil Barofsky, nominee to be the special inspector general for the financial system's bailout, confirmed by the end of this week.
Banking Committee members had an opportunity to ask Barofsky questions at a nomination hearing on Wednesday and expressed similar concerns to those voiced at Monday's hearing before the Senate Finance Committee. A number of senators said they have lingering anxiety that the special inspector general might not have full authority to oversee the bailout as it evolves on a near-daily basis, but none expressed doubts about Barofsky's qualifications.
Sen. Chuck Schumer, D-N.Y., called Barofsky "the right guy for the job" and several senators thanked him for stepping up to what undoubtedly will be an overwhelming oversight task.
Full story: http://www.govexec.com/story_page.cfm?articleid=41465&dcn=e_gvet

[freebird5825]

So who is this guy anyway?
see bold items below...oh yeah, i'd want him on my team anyday.

from the Associated Press
If confirmed by Senate, Neil Barofsky, an assistant U.S. attorney in the Southern District of New York, will be responsible for conducting audits and investigations of how the government spends the bailout money. He will also will report on the value of any assets acquired by the government and why they were purchased.
Currently, the job is being handled by the Treasury Department's inspector general -- Eric Thorson -- who has expressed concerns about the difficulty of properly overseeing the complex program in addition to his regular responsibilities.
Prior to his job as assistant U.S. attorney and chief of the Southern District's mortgage fraud group, Barofsky was a lead prosecutor in the district's securities fraud unit. Previously, he worked the district's international narcotics trafficking unit. Barofsky earned two bachelor's degrees from the University of Pennsylvania and a law degree from the New York University School of Law.
The establishment of a special inspector general dedicated to the program was one of the provisions added to the bailout legislation to secure its passage. Other provisions intended to boost oversight of the massive program included a special oversight board and regular government audits.
AP-ES-11-14-08 1039EST

[FinanceDude]

Originally Posted by freebird5825

So who is this guy anyway?
see bold items below...oh yeah, i'd want him on my team anyday.

from the Associated Press
If confirmed by Senate, Neil Barofsky, an assistant U.S. attorney in the Southern District of New York, will be responsible for conducting audits and investigations of how the government spends the bailout money. He will also will report on the value of any assets acquired by the government and why they were purchased.
Currently, the job is being handled by the Treasury Department's inspector general -- Eric Thorson -- who has expressed concerns about the difficulty of properly overseeing the complex program in addition to his regular responsibilities.
Prior to his job as assistant U.S. attorney and chief of the Southern District's mortgage fraud group, Barofsky was a lead prosecutor in the district's securities fraud unit. Previously, he worked the district's international narcotics trafficking unit. Barofsky earned two bachelor's degrees from the University of Pennsylvania and a law degree from the New York University School of Law.
The establishment of a special inspector general dedicated to the program was one of the provisions added to the bailout legislation to secure its passage. Other provisions intended to boost oversight of the massive program included a special oversight board and regular government audits.
AP-ES-11-14-08 1039EST

Too bad Eliott Spitzer blew himself up, I'm sure he would be foaming at the mouth to get this job..........

[unclemick]

New York City!

I demand to know this man's stand on PACE picante sauce!

This is the soapbox section right? .

heh heh heh -

[freebird5825]

Originally Posted by unclemick

New York City!

I demand to know this man's stand on PACE picante sauce!

This is the soapbox section right? .

heh heh heh -

it took me a second to catch on - then the cowboys yelling "New YorK CITY!" popped right into my head.

OMG, i AM in the Soapbox, aren't I ? i rarely venture here. RUN AWAY!!!!

he's may be a Pennsylvania boy, if i can derive that from his bachelors degrees. but he resides in Brooklyn, so need i say more?
if they do confirm him, i'm sure we will hear more about him.
this guy prosecuted drug traffickers, so the slick CEOs will be no match. I hope i can assume that.
go get 'em, tiger!

[freebird5825]

Originally Posted by FinanceDude

Too bad Eliott Spitzer blew himself up, I'm sure he would be foaming at the mouth to get this job..........

once again, the smaller of the two s gets him in trouble.
Elliot would be THE MAN for this job. and Schumer would endorse him in a heartbeat.
oh well...

[chinaco]

Hopefully they issue him a 9mm so he can meet out justice on the spot if he finds any malfeasance.