Simpson Thacher & Bartlett has overbilled the federal government nearly $100,000 for work related to the Treasury Department’s Troubled Asset Relief Program, according to a special inspector general’s report.
The so-called SIGTARP’s quarterly report to Congress, which also details TARP-related fees paid to law firms, comes the same week as a new book by the 4-year-old program’s first special inspector general, Neil Barofsky, who chronicles what he maintains was a failure by regulators to curtail Wall Street’s excesses.
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