News, Liberty, Society

Rss

  • youtube
  • linkedin
  • google

However bad you think TARP was…it was worse

In the this video Neil Barofsky, former special inspector general for TARP (SIGTARP), talks about how much of an abysmal failure the Troubled Asset Relief Program was.  Neil is a registered Democrat appointed to his position by Bush and kept by Obama, whom he voted for. His new book is a bipartisan critique of what he says as crony capitalism at its worse.  Given the way tax money was diverted to banks with almost no oversight, I would go so far as to call it legalized theft.

National Review also has a piece detailing the words of the former CEO of Wells Fargo.   He says TARP was terrible and the banks made billions off the taxpayers.

Like This Post? Share It

Leave a Reply

Your email address will not be published.

Switch to our mobile site