Last night while channel surfing I came across CSPAN and saw Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP), testifying before a Congressional committee. The discussion was disturbing and the conclusions that were drawn were equally disturbing. The conclusions were basically that TARP succeeded in bailing out the large investment banks but failed in its other mission. Specifically in getting credit flowing to help small business and individual Americans—you know the folks who paid for it — and create jobs. (more…)
