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Washington
Inside Washington (02/15/2011)
* WASHINGTON (2/16/11)--Washington (2/16/11)--The Federal Housing Finance Agency (FHFA) on Jan. 18 announced a joint initiative to consider alternatives for a new mortgage servicing compensation structure. As part of that effort, FHFA has established dedicated web links for posting information and accessing background materials, it announced Tuesday … * Washington (2/16/11)--Neil Barofsky, the U.S. Department of the Treasury’s special inspector general for the Troubled Asset Relief Program (SIGTARP), has announced his resignation, effective March 30. Christy Romero, who serves as Barofsky’s deputy, will succeed him. Barofsky is the first person to hold the position, which was created in 2008. In his role, he has provided quarterly updates to Congress on TARP-related programs. Under Barofsky, SIGTARP has published 13 audits and nine quarterly reports. His office currently is coordinating 140 investigations of financial fraud. In his resignation letter, Barofsky said: “When it began, I had three goals for SIGTARP: to build a robust law enforcement agency to bring to justice those who sought to profit criminally from TARP and to deter those considering such misconduct; to ensure transparency in the operation of TARP so that taxpayers could better understand how the government was utilizing the unprecedented investment of taxpayer funds that TARP represented; and to provide effective oversight over the government’s decision-making process to minimize instances of waste, fraud and abuse. I believe that SIGTARP has met each of these goals” …


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