Video: Ratigan with Senator Ted Kaufman -- Throw the bums in jail
Kaufman was just appointed to the COP on Friday by Harry Reid, and was elected Chairman today in a unanimous vote of fellow panel members. Kaufman is known for wanting to put Wall Street bankers in jail.
As of October 3 the TARP program can no longer distribute funding, but the oversight panel will remain in place through April 3, 2011. On the other hand, Neil Barofsky expects to work as SIGTARP for the next decade.
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WASHINGTON, D.C. - The members of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) today unanimously elected Senator Ted Kaufman (D-DE) to serve as the Panel's new chairman. Kaufman, who was appointed to the Panel last week by Senate Majority Leader Harry Reid, will fill the role previously held by Elizabeth Warren.
"I'm honored to be appointed to this panel and elected chair," said Senator Kaufman. "Continued oversight of the TARP is serious business, and I am eager to get started."
The Congressional Oversight Panel issues monthly reports that oversee Treasury's administration of the TARP, assess the impact of spending to stabilize the economy, evaluate market transparency, monitor efforts to prevent foreclosures, and help to ensure that Treasury is acting in the best interest of the American people.
In addition to Senator Kaufman, its members are J. Mark McWatters; Richard H. Neiman, Superintendent of Banks for the State of New York; Damon Silvers, Policy Director and Special Counsel for the AFL-CIO; and Kenneth Troske, William B. Sturgill Professor of Economics at the University of Kentucky. By statute, the Panel will continue its oversight work through April 3, 2011.
