TARP Inspector Neil Barofsky, TARP Inspector: We May Now Be In A “Far More Dangerous Place”

His next audit is due in October. During an interview with the Huffington Post Investigative Fund, Barofsky made some striking observations. Among them were: 1. He found hundreds of banks capable of tracking their use of the TARP money – despite claims by the U.S. Treasury that the task was impossible. 2. If the purpose of the TARP rescue was to increase lending, it has failed. 3. The U.S. financial system, now dependent on bigger and fewer banks, is shakier than ever.

via Neil Barofsky, TARP Inspector: Financial System May Now Be In A “Far More Dangerous Place” (VIDEO).