Tuesday, March 20, 2012

Barofsky on TARP

"Essentially, TARP successfully stabilized markets and helped prevent another Great Depression, but it failed horrifically in meeting its equally important Main Street goals—including preserving home–ownership—and institutionalized Too Big to Fail and the moral hazard that accompanies it."

Neil Barofsky, the special inspector general for TARP from 2008 until early 2011 and now a New York University law professor.


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