"Disagreements remain" between Treasury, TARP inspector

07/21/2009 | Financial Times (tiered subscription model)

The Treasury immediately rejected an estimate by Neil Barofsky, special inspector general for the Troubled Asset Relief Program, that stimulus efforts have exposed federal agencies to significant risk. In a report to Congress, Barofsky said "disagreements remain" between his office and the Treasury over troubled-asset relief. He also said there were "fundamental vulnerabilities ... relating to conflicts of interest and collusion, transparency, performance measures, and anti-money-laundering."

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