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Where The Bailout Went Wrong

Mike

Well-known member
They're eating their own now. The Inspector general of the "Bank Bailout" says:

Where The Bailout Went Wrong

By SIGTARP Neil Barofsky
New York Times

TWO and a half years ago, Congress passed the legislation that bailed out the country’s banks. The government has declared its mission accomplished, calling the program remarkably effective “by any objective measure.” On my last day as the special inspector general of the bailout program, I regret to say that I strongly disagree. The bank bailout, more formally called the Troubled Asset Relief Program, failed to meet some of its most important goals.
 
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