Just like an onion. The more you peel, the more layers you find.
Whatever Walpin’s reputation, however, sources familiar with his dismissal believe it was no accident that he was shown the door immediately after getting into a dispute with Eric Holder’s Justice Department over a program affiliated with Sacramento Mayor Kevin Johnson, an enthusiastic political ally of Obama.
Neil Barofsky, the special IG for the TARP
free-for-all financial bailout is next. You watch.
Given the controversial nature of the TARP — including the public outcry over bonuses paid to top employees of insurance giant AIG, a bailout beneficiary — Grassley is by no means the only member of Congress interested in preserving Barofsky’s independence. In April, Geithner was grilled by Texas Republican Rep. Jeb Hensarling and other members of Congress at a hearing after Barofsky reported a “staggering” amount of fraud in the bailout program.