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  • Into the Bailout Buzz Saw (TARP follies and fraud)

    07/22/2012 6:41:24 PM PDT · by neverdem · 6 replies
    NY Times ^ | July 21, 2012 | GRETCHEN MORGENSON
    IT might seem remarkable that there’s more to say about our late Bailout Age. But there is more — a lot more. Nearly four years after Washington began its huge rescues of banks with taxpayer dollars, an important player in this, one of the great financial dramas of all time, is offering a damning account of how the Bush and Obama administrations handled the whole episode. He is Neil Barofsky. Remember him — the man whose job it was to police the $700 billion Troubled Asset Relief Program? And his new account, a book titled “Bailout” (Free Press), to be...