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Showing posts with label TARP program. Show all posts
Showing posts with label TARP program. Show all posts

Friday, July 5, 2013

What TARP Boss Neil Barofsky Told Me Yesterday Should Shock You

by Bill Bonner




















The financial news is getting boring. The Dow goes only one way – up. But gold fell below $1,400 per ounce yesterday.

Rather than trying to figure it out, yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program.

You remember TARP? It was the feds' $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned out...