Anyone else see a pattern here? First the Inspector General of AmeriCorps is fired for what appears to be nothing more than retribution and now the Inspector General for TARP is being silenced by Treasury and his independence is being questioned.
The lone sitting Republican member of Congress on the Congressional Oversight Panel tonight dubbed the Treasury Department’s challenge of the independence of bailout watchdog Neil Barofsky “outrageous, “unprecedented”, and “disturbing”, and he called on the Panel to launch an immediate investigation.
“It’s highly outrageous and highly irregular and we are going to get to the bottom of it,” warned Rep. Jeb Hensarling, R-TX, in an interview with ABC News.
“For Treasury to assert some kind of attorney-client privilege to try to gag the Special Inspector General – it raises some very disturbing questions,” he said.
“It strikes me as an outrageous action for what has become an outrageous program,” Hensarling said. “This is an incredibly serious issue. This is a program that’s turned into a $700 billion revolving bailout fund that has little to do with financial stabilization.”
“I am going to call on the Congressional Oversight Panel to launch an immediate investigation.”