Friday, July 27, 2012

TARP Was Even Worse Than You Think: “An Abysmal Failure,”

The Daily Ticker-Yahoo Finance ^ | 7/27/12 | Aaron Task

Much has been made about Barofsky's criticism of Treasury Secretary Tim Geithner, who told CBS News he is "deeply offended" by how he's portrayed in Barofsky's book Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.

Barofsky pulled no punches in our earlier segment about the ongoing rate-rigging scandal. (See: "I Hope We See People In Handcuffs": Neil Barofsky Weighs in on LIBOR Scandal)

In the accompanying video, we focused more on TARP's failings to live up to its promise to help individual Americans, not just the big banks.

(Excerpt) Read more at finance.yahoo.com ...

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