From STLToday
''Neil Barofsky is not a household name, but he knows as much about what went wrong with the taxpayer bailout of Wall Street brokerages and national banks as anybody. In his scathing new book, Barofsky says taxpayers got shafted while the rich got richer.
In “Bailout,” Barofsky writes that when he became the official watchdog for taxpayers, “I hadn’t yet understood the degree to which the entire crisis was unleashed by the greed of a small handful of executives who exploited a financial system that guaranteed no matter what risks they took, they’d be able to keep the profits ...
“I had no idea that the U.S. government had been captured by the banks and that those running the bailout program I’d been charged with overseeing would come from the very same institutions that had both caused the crisis and then become the beneficiaries of the generous terms of their bailout.”
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