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TARP cop turns up heat on Treasury chief

Neil M. Barofsky, the special inspector general appointed by President Bush in November to oversee the government's Troubled Asset Relief Program, issued a scathing 250-page report today that ripped the Treasury Department's plans to bail out the nation's banks. Barofsky told Congress that what began as a $700-billion bailout last fall has evolved into a $3-trillion bonanza that is being administered with l ...

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Worst Idea of the Week: Recession on FOX?

Here's my nomination for the Worst Idea of the Week—and yes, it's only Wednesday but I'm confident this gem will not lose its luster before next Monday. You probably know this: the recessed U.S. economy is plagued by layoffs; a staggering 663,000 jobs were shaved away by employers in March alone, bumping the national unemployment rate to 8.5%. Many projections forecast that 1 in 10 people will be without wo ...

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