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Barofsky: TARP Was An Abysmal Failure

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  • Time4change | | 30 Jul 2012, 05:06 PM Agree 0
    Two things - one it would be great if everyone were angry, sadly too many who aren't struggling pay no mind to how badly TARP was mishandled, benefiting banks in a major way.

    Secondly, vs coming up with a huge Dodd/Frank mess, ornerous regulations affecting EVERY home owner, changing the lives of professional mortgage originators and with HVCC appraisers' livlihoods - wouldn't it have been grand if those who erred, cheated, or otherwise sinned were simply punished.

    From the get go it was obvious to those of us in the field that the approach to paint everyone with one broad brush was going to slow down recovery even more. Meanwhile, no surprise, banks are still reaping what has been sown by Dodd Frank, TARP, HVCC. Nice!
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