bailout

Government Stimulus
9:00 am
Fri March 15, 2013

Was The TARP Bailout A Failure?

Did the TARP bailout fund help you during the 2008 financial crash?
Flickr Photo/Taber Andrew Bain

Why didn’t the TARP bailout fund help the small businesses and homeowners who were slammed by the 2008 financial crash? Neil Barofsky left his job at the US Attorney’s Office in New York to become special inspector general in charge of overseeing the bailout money. He says, from his first days on the job he was met with hostility from the treasury officials overseeing the TARP fund. He charges that Treasury Secretary Timothy Geithner funneled money to Wall Street firms in ways that bordered on corruption. Neil Barofsky joins us with the inside story.

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