Neil Barofsky on ‘Foaming the Runway’ for Banks (VIDEO)

Neil Barofsky on ‘Foaming the Landing’ for Banks

On Making Sen$e this week we’ve been featuring outtakes from my interview with top TARP cop Neil Barofsky, appointed by President Bush and retained by President Obama to prevent fraud in the $700 billion Troubled Asset Relief Program. From the start, Barofsky has been acidly critical of the government’s handling of bailout money. His chief complaint: that the banks were bailed out, not the victims of predatory lending. In this excerpt, Barofsky explains why he thinks it was a conscious decision.

For a response on how the TARP funds were handled we reached out to Treasury Secretary Timothy Geithner, but his office refused comment. Instead, you can see his exchange with fellow PBSer Charlie Rose on Barofsky’s book, ‘Bailout’, here in “An Hour with Timothy Geithner.”

In the last installment of our week with Barofsky we’ll ask him why, if he was so impressed with Massachusetts Democrat Barney Frank as a legislator, he’s so unimpressed with the legislation known as Dodd-Frank. And the oft-combative Congressman will then explain noncombatively why Barofsky has misunderstood the Wall Street Reform and Consumer Protection Act.


5 Responses to “Neil Barofsky on ‘Foaming the Runway’ for Banks (VIDEO)”
  1. JJ says:

    The info links in the comment section are a tiny price to pay for all of the valuable information we get from this site ..including the info from the comment section .. sometimes people who comment include their own links to more good information .. personally, I don’t mind the links here .. we all have the option to ignore them.

  2. indio007 says:

    You’ve got to be kidding me! The video started with a Goldman Sachs commercial!

  3. papergate says:

    For all the knowledge, benefit, documents, etc., etc., it is well worth the extremely minor ‘inconvenience’ of Infolinks – I purposely will follow and support this for the people who work so hard to keep sites like this going – for little to no income – frankly, I’d like to know more of where these links are and will purposely connect to them if it supports this site – perhaps you can make them ‘pink’ or some outstanding color that we readers who have been greatly provided with knowledge and facts will seek out and click so this site can survive . . . !!

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  4. bobsublime says:

    Dear Michael Redman,

    These “Infolinks” that litter the comments are a pain in the backside. I am sorry to see that you have had to resort to them. I’m sure that it is simply a matter of money.

    Can you please get rid of them?

    Bob Sublime

    • Didn’t realize that they were in the comment section. I will try to disable that feature. And yes it is a matter of money. It costs quite a bit to keep all this going. If you haven’t noticed, there is a donate and subscribe button on the right frame. If more people would pitch in, we wouldn’t have to use these services. Any contribution to keep the site running would be appreciated.

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