Word: inspectorate
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Office of the Special Inspector General for the Troubled Asset Relief Program "Initial Report to Congress" SIGTARP: Neil M. Barofsky 189 pages February...
...past two months, the federal government has handed out hundreds of billions of dollars to troubled financial institutions. So where did the money go? And what assurances does the American public have that the money's not being wasted? In his first report to Congress, a Special Inspector General charged with overseeing the so-called Troubled Assets Relief Program (TARP) tries to answer these questions. (See pictures of the Top 10 scared traders...
...groundwork laid by the Special Inspector General in anticipation of fraud: "[The Special Inspector General for TARP] is already working closely with FBI's Washington Field Office on joint projects and has met with representatives of the New York Field Office as well ... [The Special Inspector General for TARP] and the New York State Attorney General's Office are coordinating efforts with respect to TARP recipients' compliance with executive compensation restrictions...
...fence has made a difference: there were about 4,900 arrests for illegal crossings last year, compared to more than 10,000 in 2005. But P.K. Mishra, inspector general of the BSF's Assam and Meghalaya Frontier, seems to know that he has an almost impossible task. He has visited the U.S.-Mexico border fence and seen how difficult controlling illegal migration is. "Even [though] they have all the technical equipment, they can't stop it," he says...
...Army has ordered a recall of more than 16,000 sets of body armor after an audit by the inspector general of the Defense Department concluded that they failed tests to meet Army specifications. The IG fingers the Army for failing to conduct adequate testing before contracting for the armor. This is the second audit to blame the Army for the quality of body armor. A year ago, the IG found that the Army failed to follow federal contracting rules in procuring armor and concluded that the Pentagon had "no assurance" that nearly half of 28 contracts - worth nearly...