U.S. Bailout Watchdog Barofsky to Resign March 30

Neil Barofsky, who criticized the U.S. Treasury Department’s handling of taxpayer-funded bailouts as special inspector general for the Troubled Asset Relief Program, resigned effective March 30.

Barofsky, 40, said in a letter to President Barack Obama that he was stepping down to “pursue other opportunities,” saying his office had a “truly remarkable positive impact.” He said his office’s investigations led to 14 criminal convictions for fraud, recovered more than $150 million and avoided the loss of $550 million in fraud.