In the first major disclosure of corruption in the $750-billion financial bailout program, federal investigators said Monday they have opened 20 criminal probes into possible securities fraud, tax violations, insider trading and other crimes.

The cases represent only the first wave of investigations, and the total fraud could ultimately reach into the tens of billions of dollars, according to Neil Barofsky, the special inspector general overseeing the bailout program.

via Crimes suspected in 20 bailout cases -- for starters - Los Angeles Times.

Can't blame Obama for this one -- the TARP debacle started under Bush. The Republicans have been almost as stupid in their reactions to the recession as anyone else.