Neil Barofsky: ''Washington's Ties to Wall Street Caused TARP's Failure''

From The Take Away

''Appointed by the Bush Administration as Special Inspector General in charge of the Troubled Asset Relief Program (TARP), Neil Barofsky assumed his position in the wake of the 2008 financial crisis when Americans households collectively lost $19.2 trillion.

As chronicled in his new book, "Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street," Barofsky thought the Bush and Obama Administrations wanted a tough regulator, an inspector general who would aggressively oversee the hundreds of billions of dollars loaned to the banks, the institutions that helped cause the immense financial crisis.''

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