$200,000,000,000 In Coronavirus Relief May Get Lost To Fraud | The 11th Hour | MSNBC

i G stands for the unvarnished truth reporting the facts crunching the numbers writing the rule of law and compliance that's what they do for a living and it just bothers Trump that someone is going to bring the truth to light today the president highlighted the leader of a committee of inspectors general tasked with overseeing the so far $2 trillion in

coronavirus

spending. Glenn Fine was the acting inspector general of the Department of Defense. Trump appointed the current EPA inspector general to temporarily take charge of the fines. Pentagon duties, reports the New York Times. Fine was known for his independence and says the move is the latest step in an abruptly unfolding power play in the White House over semi-independent inspectors general across the government.

Welcome to the broadcast Neil Barofsky, he was the inspector general in charge of canvas oversight which as I remember was a lot of money as well as the government

relief

bill signed into law by George W. Bush during the crisis financial of Oh eight. Neil also turns out to be the author of the rescue, an inside account of how Washington abandoned Main Street while rescuing. Wall Street Neil, how is it possible to get such a large amount of money? How is it possible to count on everything reaching the right people and recipients? And in his line of work, does he write down everything I hate to say?

A certain percentage of this is supposed to be ill-gotten gains for someone you know. I think there's a general rule in government programs that a good ten percent has a very good chance of being

lost

to

fraud

and when you have a program of this size and this scope where the money is being taken out at such an incredible volume with relatively few oversight or anti-

fraud

provisions, you really don't have a high risk of reaching that number and here when we're not talking about a program of hundreds of millions of dollars or what I had of a program of a few hundred billion, but a multi-trillion dollar program.

That's a potentially scary amount to pay attention to as a watchdog even under the best of circumstances, and these aren't the best of circumstances, as you were saying Hi, I'm Chris Hayes from MSNBC, thanks for watching MSNBC on YouTube, if you want to stay up to date with the videos we are posting you can click subscribe right below me or click this list to see many other great videos