The Special Inspector General for Tarp Issues a Wakeup Call … Lambasts the Government and the Banks
The government’s special inspector general in charge of oversight of the Troubled Asset Relief Program (the “TARP” bank bailouts) – Neil M. Barofsky – wrote a stunning editorial for Bloomberg yesterday, concluding:
Americans should lose faith in their government. They should deplore the captured politicians and regulators who distributed tax dollars to the banks without insisting that they be accountable. The American people should be revolted by a financial system that rewards failure and protects those who drove it to the point of collapse and will undoubtedly do so again.
Only with this appropriate and justified rage can we hope for the type of reform that will one day break our system free from the corrupting grasp of the megabanks.
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3 comments:
I m there, no faith in our government any more. But I am also praying Romney will get elected so I can have hope again.
First and foremost, Go Obama.
Secondly, Americans don't need more rage because this is the most violent country in the world.
First and foremost, Go Obama.
Secondly, Americans don't need more rage because this is the most violent country in the world.
July 25, 2012 2:53 PM
Yes, go obammy. Go far away as quickly as possible.
This is NOT the most violent country in the world.
It may seem like it at times but in reality some countries are much, much worse.
That may change in the future, which I have no doubt.
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