Sunday, January 31, 2010

Harsh Criticism from Watchdog Monitoring $700 Billion Bailout

The watchdog charged with monitoring $700 billion government bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.

In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the TARP failed to boost bank lending as well as halt the spread of foreclosures -- two key aims of the sprawling program. More at CNN Money.

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