If you missed Fed, Wall Street and CNBC public enemy #1 yesterday, here is your chance to see him live again. Neil Barofksy, the scourge of all crony bankers (crony is redundant in the last phrase) and "honest answer-conflicted" Fractional Reserve Banking system executives, will be testifying at 2:00 PM before the House Committee on Fin Services. The hearing will consist of two panels, with Herb Allison dominating the first one, and sure to provide extensive entertainment as per usual.
- Mr. Herbert M. Allison, Jr., Assistant Secretary for Financial Stability, U.S. Department of the Treasury
- Mr. Neil Barofsky, Special Inspector General for the Troubled Asset Relief Program
- Professor Elizabeth Warren, Chair, Congressional Oversight Panel
- Mr. Thomas J. McCool, Director of the Center for Economics, Government Accountability Office
The live webcast can be accessed here. Hopefully Congress has learned to keep any 19 year old interns who like discussing their SMS texting skills and personal lives away from the microphones during break interruptions.
And here are Neil's prepared remarks.