Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard

Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

Naturally, we had to read the tell-all and then invite him to the office to tells us even more.

In his interview with Business Insider, Barofsky touched on everything from yesterday's announcement that Americans holding Fannie and Freddie mortgages would not get a principal write downs, to the general culture in Washington.

Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.

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