banks and banking subsidies

Neil Barofsky, who had access to the inner circles in the Bush and Obama administrations, offers his own observations and knowledge about the $700 billion TARP bailout fund, arguing that corruption in Washington made it easy for the money to be misused.

The author describes his role as the special inspector general in charge of overseeing the spending of the $700 billion TARP bailout in 2008, and discusses the fraud, corruption, and hostility that he witnessed from Treasury and bank officials. Argues that the bailout sacrificed the average citizen to save Wall Street.