Bail-Out Watchdog & TARP Inspector Neil Barofsky Warns that We Are Now in a "Far More Dangerous Place"

by bartleby the scrivener | From Huffington Post:

"During an interview with the Huffington Post Investigative Fund, Barofsky made some striking observations. Among them were:

1. He found hundreds of banks capable of tracking their use of the TARP money - despite claims by the U.S. Treasury that the task was impossible.
2. If the purpose of the TARP rescue was to increase lending, it has failed.
3. The U.S. financial system, now dependent on bigger and fewer banks, is shakier than ever."  (More; emphasis added)

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