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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Bush Nominates IG for Bailout

President Bush is nominating Neil M. Barofsky to be the Special Inspector General for the $700 billion government bailout/rescue.

Barofsky is an assistant U.S. attorney for the Southern District of New York and chief of the mortgage fraud group.

He has a background in narcotics trafficking and securities fraud.

The Post's Amit Paley reported yesterday that oversight requirements on the bailout/rescue had not yet been met and that Barofsky was the leading candidate for the job.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 14, 2008; 10:36 AM ET
Categories:  The Ticker  
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