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think

(11,641 posts)
Tue Mar 8, 2016, 12:07 PM Mar 2016

Whistleblower Neil Barofsky on TARP Bailout (Barofsky was Inspector General over TARP) 11 min. video




Published on Apr 6, 2015

(As Inspector General, Barofsky was "one of the most impressive and courageous political officials in Washington" for his willingness to "stand up to some of the most powerful people and institutions in Washington or on Wall Street." He "vigilantly fought for his independence as TARP watchdog and has been relentless in his criticism of Treasury officials and especially Tim Geithner." The TARP program money was used to invest in and in some cases rescue a number of banks, the automakers GM and Chrysler, the insurance company AIG as well as a number of housing companies. The role of chief watchdog of the government’s $700 billion TARP program was to root out and prosecute waste, fraud and abuse. Under Barofsky the office published 9 quarterly results and 13 audits.) -WikiPedia: Neil Barofsky


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