SIGTARP

  • This is about as dramatic as pictures of Jefferies get

    News

    Federal Prosecutors Don’t Appreciate Former Jefferies Trader’s Vivid Imagination

    The Journal had an article this morning about how cash equities traders are getting used to having computers as coworkers but I say unto you: can a computer do this?1 52. On March 31, 2010, Customer A, an investment adviser to a private fund, asked Jefferies to find buyers for several MBS, including Lehman XS […]

    / Jan 28, 2013 at 5:31 PM
  • News

    The Best Lines From The White House’s Rebuttal To The SIGTARP Report

    Earlier this week, Troubled Asset Relief Program’s inspector general Neil Barofsky issued a report noting that the Treasury’s estimate that it will lose $5 billion on its AIG TARP investment “represents a dramatic shift from the $45 billion loss that Treasury had projected in its AIG investment just six months earlier.” Barofsky went on to […]

    / Oct 27, 2010 at 3:39 PM
  • News

    Neil Barofksy’s Latest Musing On TARP

    SIGTARP’s Neil Barofsky released the agency’s quarterly report today and $700 billion later, this is where we stand: the program not only didn’t help anything but had an opposite effect; TARP money is being used to investigate banks’ TARP-related insider trading and Geithner is full of crap. “Even if TARP saved our financial system from […]

    / Feb 1, 2010 at 11:30 AM

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