The special inspector general investigating TARP (“the bailout”) calls the program an “abysmal failure” that was poorly managed…by the current Treasury Secretary. This is the same Treasury Secretary that could possibly have broken laws in colluding to cover up interest rate rigging (LIBOR scandal).
This interview with the inspector general does a very concise and good job of laying out the failures of the government, and specifically Geithner, in administering the bailout. It’s crony “capitalism” throughout; just an utter scam perpetrated on the taxpayer at the benefit of the bankers.
An abysmal failure: government.
Occupy Wall Street, so concerned about tarring and feathering bankers, ought to go after Geithner and the White House. It is the government that is ultimately to blame for this disaster.