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    <br>Neil M. Barofksy is slowly but surely sniffing around to find flaws in bailouts but even if he puts his finger in the pie he does not have the mandate to take it to the law courts.

    Officially he is not a public prosecutor but has lesser duties – auditing the funds that had been given out under TARP. He has rather an unattractive title – Special Inspector General for the TARP. Barofsky compared his job to “building a case for a trial.” He said, “You want to pursue every lead, every bit of evidence, everything to persuade the jury.” In this instance it is the public that is the jury.

    The public are having doubts.<br> <br>Could it be that there money has been poured into a yawning black hole? There are many panels that have been given the job of reviewing and tracking the bailout funds. But Barofsky is the only person who has the backing of the federal agents touting guns and badges.
    If required they have the right to break the locks of cabinets containing files. Barofsky has the experience of having fought white-collar offenders as well as drug lords of Columbia when he was Assistant Attorney of USA. The recent powers have been added to him.

    In Bogota an attempt was made to knife him. It is this background that is pushing him on to fields where others are hesitant to tread. Soon after confirmation of his nomination at the close of 2008 he pushed back efforts made by the Treasury to place his office under the supervision of the Treasury Secretary.<br> <br>He also compelled the Treasury to give a statement, under oath, from each of the recipient banks about the use it had made with the TARP funds.

    He had to battle with the Treasury on these points for many months. Later he said after the close of the duel, “We were told we were playing politics. That it was a meaningless exercise. At least three times we were told we should consider it closed.” The report of Barofsky noted that the government funds had been used for projects that were contrary to the intentions laid down in the programme by the Congress.<br> <br>It appears that the public is at last pleased that someone is taking on the banks as well as the officials that handed them the crutch.

    A website has been set up asking for tips and so far he has received 30 million hints. In 2009 Congress stretched his powers.<br>

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