Confused about how you should feel about Vikram Pandit’s surprise exit from Citigroup? Well, the one person who ought best to know how to feel – the special investigator of TARP, the bailout that saved Citi’s and Vik’s a*s back in 2009 – shares his thoughts on Vik’s departure.
Russ Roberts has already pulled out the key paragraph, so I’ll link to Russ’ article, but from there you’ll find a link to the entire Barofsky piece.
Oh, don’t want to click over…we’ll Russ’ post title says it all: “Barofsky’s Eulogy for a Crony”. Or: good riddance, though it’s too bad there are plenty more where he came from.