TARP Probes Jump 41 Percent in Fourth Quarter, Watchdog Reports

Business Week reports:

The U.S. Troubled Asset Relief Program’s watchdog expanded investigations into misconduct in the $700 billion federal bank rescue program, increasing the number of opened cases by 41 percent in the fourth quarter.

Special Inspector General Neil Barofsky began 25 criminal and civil probes in the quarter, and had 77 total active cases, according to a quarterly report to Congress published today. Through the third quarter of 2009, the Washington-based office opened 61 cases with 54 active, he said at the time.

What would socialism be without corruption?