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Saturday, February 21, 2026

TARP Watchdog Neil Barofsky: TARP has been a Dismal Failure

Courtesy of Jaime Falcon.

Neil Barofsky, Special United States Treasury Department Inspector General to oversee TARP:

  • Treasury is using accounting trickery to cover up how badly TARP has failed.
  • It is not complicated to pour trillions of dollars into failing companies to save them. That’s why Congress demanded that the money be used in such a way so as to benefit the economy as a whole. TARP and other money that was used has been a dismal failure in that respect.

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