Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

The Special Inspector General for Tarp Issues a Wakeup Call Lambasts the Government and the Banks
ZeroHedge ^ | 7/23/12 | George Washington

Posted on 07/23/2012 10:06:55 PM PDT by Kartographer

The government’s special inspector general in charge of oversight of the Troubled Asset Relief Program (the “TARP” bank bailouts) – Neil M. Barofsky – wrote a stunning editorial for Bloomberg yesterday, concluding:

Americans should lose faith in their government. They should deplore the captured politicians and regulators who distributed tax dollars to the banks without insisting that they be accountable. The American people should be revolted by a financial system that rewards failure and protects those who drove it to the point of collapse and will undoubtedly do so again.

Only with this appropriate and justified rage can we hope for the type of reform that will one day break our system free from the corrupting grasp of the megabanks.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Business/Economy; Government
KEYWORDS: banks; barofsky; inspectorgeneral; jailthebanksters; neilbarofsky; powertothegovernment; regulateandtax; regulategreed; stopgreed; stopgreedybanks; stopgreedybanksters; tarp; zerohedge
Corrupt megabanks? Well who would have 'thunk' that?
1 posted on 07/23/2012 10:07:04 PM PDT by Kartographer
[ Post Reply | Private Reply | View Replies]

To: prairiebreeze

mark


2 posted on 07/23/2012 10:28:50 PM PDT by prairiebreeze (Don't be afraid to see what you see. -- Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

National Debt. To whom do we owe it? (5 parts)

http://www.youtube.com/watch?v=30-WtZTH06o&feature=related -—part 1
http://www.youtube.com/watch?v=zS2ZiDjZsF0&feature=relmfu ———part 2
http://www.youtube.com/watch?v=LeX4mc1JUmk&feature=relmfu -—part 3
http://www.youtube.com/watch?v=k3ZIXkWcoUI&feature=relmfu -——part 4
http://www.youtube.com/watch?v=AqOzXzAvlKE&feature=relmfu -——part 5


3 posted on 07/23/2012 10:30:15 PM PDT by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

All Free Market Conservatives agreed to let the chips fall where they may. But we were told that certain institutions were “too big to fail”.


4 posted on 07/23/2012 10:42:20 PM PDT by GrouchoTex (...and ye shall know the Truth and the Truth shall set you free....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

I’m already there. I already lost faith in big government. I already deplore the captured politicians and regulators, and I am thoroughly revolted by the financial system. I felt this appropriate and justified rage when they started discussing TARP/Bailout, because this was the obvious and natural outcome to an intentionally and inherently corrupt process that was being proposed even before McCain suspended his campaign to return to DC for the “crisis”.


5 posted on 07/24/2012 5:16:51 AM PDT by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

I transfered all accounts to my mattress long ago.

Nothing is going to change as long as the is cable TV to keep the masses entertained.


6 posted on 07/24/2012 5:36:19 AM PDT by maine yankee (I got my Governor at 'Marden's')
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson