By Neil M. Barofsky
Two and a half years ago, Congress passed the legislation that bailed out the country’s banks. The government has declared its mission accomplished, calling the program remarkably effective “by any objective measure.” On my last day as the special inspector general of the bailout program, I regret to say that I strongly disagree. The bank bailout, more formally called the Troubled Asset Relief Program, failed to meet some of its most important goals.
Continue reading the article . . .
Related reading:
Troubled Asset Relief Program
Wikipedia,
CBO: Report on the Troubled Asset Relief Program
BeSpacific (29 March 11)
IT’S A TARP! Troubled Asset Relief Program? O RLY?
LOLFED (24 Sept 08)
Troubled Asset Relief Program (TARP) Information
FBR Tarp Program Information
The Troubled Asset Relief Program
The Bailout Bill