October 30th 2012: Rebecca Costa interviews Neil Barofsky
This week on The Costa Report™ Rebecca Costa interviews Neil Barofsky, author of BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.
Neil Barofsky served both the Bush and Obama administrations as the watchdog of the Troubled Asset Relief Program (TARP). From December 2008 until March 2011, he was the Special Inspector General for TARP, working to ensure against fraud and abuse in the spending of the $700 billion allocated for the bailouts. In his book BAILOUT: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street, he presents a scathing indictment of how those funds were mishandled and reveals the extent to which government officials of both parties, across two administrations, served the interests of Wall Street at the expense of the public.
