Tuesday, April 21, 2009

Distraction alert...

WASHINGTON — A government watchdog has launched "almost 20" criminal investigations related to the $700 billion financial bailout program, according to a report to Congress to be released Tuesday.

Neil Barofsky, the special inspector general for the rescue program, says in the report that the probes involve possible public corruption; corporate, stock and tax fraud; insider trading; and mortgage fraud. Barofsky provided no information on who is being investigated or why, saying details will not be released "until public action is taken."
How about a legitimate probe to determine the actual cause of the perceived necessity to initiated a bail out in the first place.

We would prefer a probe that doesn't include Jamie Gorelick on the panel. We would, also, prefer a probe that doesn't include any of the officials who propogated the sub-prime toxic tort fiasco in the second place. That leaves out the Barney Frank's, Harry Reid's, Nancy Pelosi's and the entire Clinton Administration. It also leaves out the current President of the United States.