Tag Archives: TARP

The Schizophrenic State

The Schizophrenic State
The real Eliot Ness wasn’t nearly as cool as De Palma made him out to be in The Untouchables. But no matter, Neil Barofsky was still pretty chuffed when Treasury officials likened him to the Prohibition agent. Barofsky felt like Ness during his twenty-seven months in the DC swamp, where “bullshit, ego, politics, turf, and credit” ruled the day, and only he and his SIGTARP (Special Inspector General of the Troubled Asset Relief Program) team ... Read more

Neil Barofsky on TARP, SIGTAP, IGS, Elizabeth Warren and Too Big to Fail

Corporate Crime Reporter, June 13, 2011 We spent $700 billion to bail out the too big to fail banks on Wall Street. And yet, we might have to do it again. Why? Because the big banks are still too big to fail. And next time, we might have to spend $5 trillion. It ain’t a pretty picture. As Neil Barofsky knows better than most. He was the Special Inspector General for the Troubled Asset Relief Program. Known in Washington as SIGTARP. He’s now ... Read more