TARP chief: Banks possibly 'in more danger now'
Submitted by wafflehutguy on Fri, 10/23/2009 - 10:31
"The banking system today may be in a more precarious position than it was a year ago, the man charged with overseeing a $700 billion bailout program said Wednesday."
"Neil Barofsky, the special inspector general managing the Troubled Asset Relief Program, told CNN's Wolf Blitzer on Wednesday that the government's decision to support bank mergers over the past year may have put the U.S. economy more at risk."
http://politicalticker.blogs.cnn.com/2009/10/21/tarp-chief-b...
Barofsky is also warning that our overall TARP exposure is almost $24 Trillion - $80,000 for every man, woman & child in the US.
»
Oh well.
They had their shot, and even got bailed out, and they are still so rotten to the core that they can't even make a go of it after that.
If any companies deserve to go down in flames, they do.
And lets burn the golden parachutes before they can jump out this time.
Sayonara, banks.
Imagine my surprise.
Who could have guessd.
Let them fail-
That's one sure way to END THE FED!
lol
This makes me chuckle. But Barofsky doesn't look like he thinks it is funny.