‘Abysmal Failure’

◼ That’s how the 2008 TARP bailout is described by Neal Barofsky, the former special inspector general (“SIGTARP”) who was responsible for investigating how the funds were spent. - The Other McCain

Did you know, for example, that the Treasury Department still owns 61% of the “too-big-to-fail” insurance giant AIG, and that bailout recipients still owe taxpayers more than $100 billion?

Those are a few of the unpleasant facts Barofsky details in his new book, ◼ Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.

◼ TARP Was Even Worse Than You Think: “An Abysmal Failure,” Barofsky Says - Aaron Task/Daily Ticker