US Federal Watchdog: "TARP Program Opens Way for Deeper Future Economic Meltdown - by Christopher Neefus
Neil Barofsky, the man tasked with overseeing the administration of the Troubled Assets Relief Program (TARP), told Congress in a report released Sunday that the bank bailouts have cleared the path to another financial crisis -- potentially even more grave than the 2008 crisis.
“(E)ven if TARP saved ourfinancial system from driving off a cliff back in 2008,” Barofsky wrote, “absent meaningful reform, we are still driving on the same winding mountain road , but this time in a faster car.”
For the complete report:CNSNews.com - Federal Watchdog: TARP Program Opens Way for Deeper Economic Meltdown
“(E)ven if TARP saved our
For the complete report:CNSNews.com - Federal Watchdog: TARP Program Opens Way for Deeper Economic Meltdown
Labels: US Economy
