You’ll get no argument from me. The Obama administration is running the country like a bunch of street thugs and bullies. The administration promised transparency and has instead delivered just the opposite. The Do as I Say and Not as I Do administration has employed on all fronts the gangster mentality and is guilty of intimidation and harassment of major corporate institutions as well as a mass deficit that will take decades to recover from.
As Timothy Geithner continues to ignore the hard questions and is skimpy on the facts and transparency, the Gangster Administration has both hands in the pot and are bleeding the coffers dry.
“WASHINGTON (Dow Jones)–The U.S. Treasury Department is running the government’s rescue of the financial system like disgraced investor Bernard Madoff, lawmakers and a watchdog suggested Tuesday, with little transparency and not enough limits to prevent conflicts of interest.
‘The taxpayers now have a $700 billion spending program that’s being run under the philosophy of ‘Don’t Ask, Don’t Tell,’‘ Rep. Edolphus Towns, D-N.Y. said.
Rep. Darrell Issa, R-Calif., said the Treasury is ‘actively obstructing’ the ability of lawmakers and taxpayers to understand the value of the various investments that have been made as part of the Troubled Asset Relief Program. Such a refusal to provide regular, detailed information hearkens to the reassurances Madoff provided investors in his Ponzi scheme, Issa said.
‘Both Bernie Madoff and Treasury are saying just trust me without showing us the books,’ Issa said.
The comments came as TARP Special Inspector General Neil Barofsky appeared before the House Committee on Oversight and Government Reform on Tuesday. Barofsky, who is one of the key independent watchdogs over the $700 billion TARP program, said the Treasury has not been forthcoming with information to his office and has not taken steps to prevent certain large financial firms selected by the department from profiting on inside information.
‘TARP has become a program in which taxpayers are not being told what most of the TARP recipients are doing with the money, have still not been told how much their substantial investments are worth, and will not be told the full details of how their money is being invested,’ Barofsky said….”