Ex-TARP Watchdog ‘Extremely Disappointed’ SOTU Ignored Wall Street; Bankers Delighted
President Barack Obama’s failure to mention financial reform during Tuesday night’s State of the Union address is a disappointing setback that shows the White House has lost interest in the topic, advocates working to curb fraud on Wall Street told The Huffington Post.
“I was extremely disappointed by this sort of notion [that] we can just turn the page on the financial crisis,” said Neil Barofsky, a former special inspector general for the Troubled Asset Relief Program who has been active in advocating for financial reform since leaving government service.
During Tuesday’s speech, the president made one direct reference to the financial crisis, saying during the first few minutes of his address, “Together, we have cleared away the rubble of crisis, and can say with renewed confidence that the state of our union is stronger.”
Obama noted that housing is healing, stocks are on the rise, “and consumers, patients, and homeowners enjoy stronger protections than ever before.”