Category Archives: Investigation

TARP cop: 20 criminal probes

Full Story At money.cnn.com WASHINGTON (CNNMoney.com) — The top cop tracking the government’s $700 billion bailout program said Tuesday that he has opened 20 criminal investigations and six audits into whether tax dollars are being pilfered or wasted. Neil Barofsky, the special inspector general overseeing the Troubled Asset Relief Program, released a 250-page report detailing [...]

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AIG Credit Swapper Under Investigation

Full Story At  CBS News (CBS) As recently as 2007, a discreet office in the heart of London made a vast fortune for insurance giant AIG. The man who ran it, 54-year-old American Joseph Cassano, and his team at AIG Financial Products were selling a financial instrument called credit default swaps. In simplest terms, reports [...]

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