"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 are "fundamental vulnerabilities ... relating to conflicts of interest and collusion, transparency, performance measures, and anti-money laundering".

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