Bankruptcy

An Insider?s View of TARP: Scary

By mcbride

Here is an interview with Neil Barofsky ?who [is] a special inspector general monitors a dozen separate bailout-related programs that now account for nearly $3 trillion in financial commitments.? He states in this interview that the TARP money has not compelled any new lending, that many if not most banks can indeed track where the money was spent despite pleas to the contrary and that the US economy is in peril.

Here is a link to this interview: http://www.huffingtonpost.com/2009/09/25/neil-barofsky-tarp-inspec_n_300178.html

Michael

Full post as published by Texas Lawyer Blog on September 25, 2009 (boomark / email).