Sunlight Foundation

TARP watchdog cites lack of transparency in Obama administration

Neil Barofsky's stinging report on a survey of banks' use of bailout funds reveals Treasury's refusal to give, or seek, answers. Critics say the White House hasn't met pledges of more open government.

Publication: The Los Angles Times

Tom Hamburger and Peter Nicholas
July 21, 2009

Reporting from Washington — As the watchdog of the government's massive bailout of the financial sector, Neil M. Barofsky had a simple question: What had the nation's banks done with all their bailout money?