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TARP Was Even Worse Than You Think: “An Abysmal Failure,” Barofsky Says

By Woodshedder – Fri Jul 27, 2012 11:12pm – No Comments

Most Americans have a sense TARP was a badly managed program that bailed out “fat cat” bankers at the expense of U.S. taxpayers. Well, it’s even worse than you think, according to Neil Barofsky, former special inspector general for TARP (SIGTARP).

Read the rest here.

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Po Pimp (13 hours ago) The next time this dipshit is right about anything will probably be the first time. [...]

Mr. Cain Thaler (17 hours ago) I mean, if you just keep saying "it'll be by the 3Q of this year", eventually you'll be right [...]

CRONKITE (11 days ago) I'll wager on trying to understand, but ignoring for what they believe is the greater good for now. [...]

Mr. Cain Thaler (14 days ago) Ugh, the whole premise of that was since the Fed (themselves) are buying the shit out of bonds, that somehow makes stocks cheaper / safer by [...]

CRONKITE (15 days ago) indeud! We have a right to know... [...]

Po Pimp (15 days ago) E&Y uncovers all this fraud in their survey, but how many financial statements have they refused to sign off on? Inquiring minds want t [...]

CRONKITE (17 days ago) it was a great slide show and it is a wonder we have come this far. perception is everything, but all that downward force will have to rever [...]

drummerboy (17 days ago) great article.this is what i was trying to explain to Bullish,on scott bleirs' thread the other day.this is more of a thorough explanation o [...]

CRONKITE (20 days ago) if u say so.... dare i say we go the other way [...]

Po Pimp (21 days ago) Cool. With the slack asses coming out of school now we will be at 0% unemployment in no time. [...]
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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,294.50 -0.08% NASDAQ 3,459.42 -0.11% S&P 500 1,650.51 -0.29% VIX 14.07 1.81%	SPX 500 (CFD) 1,653.40 0.18% DOW (CFD) 15,321.00 0.17% NASDAQ 100 2,995.90 0.15% EURUSD 1.292 -0.10%	UK 6,696.79 -2.10% GERMANY 8,351.98 -2.10% FRANCE 3,967.15 -2.07% SPAIN 8,343.60 -1.40%	H. KONG 22,681.00 0.05% JAPAN 14,568.50 0.58% KOREA 1,969.03 -0.01% SHANGHAI 2,277.72 0.09%	NAT GAS 4.28 0.45% GOLD 1,392.50 0.05% SILVER 22.53 0.13% COPPER 3.29 -0.27%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.01 600.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.94 2.16% GERMAN 10YR 1.44 1.19% ITALIAN 10YR 4.03 3.02% SPAIN 10YR 4.29 2.70%	WTI 93.87 -0.40% BRENT 102.31 -0.13% WTI/BRENT 8.44 321 CR SPR 21.96 10.04%