TARP: Government Bailout Failed to Reduce Foreclosures, Unemployment, Says Watchdog
The government’s controversial $700 billion bailout program has failed to achieve many of its objectives, a watchdog tells Congress in a new report out Saturday night.
Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP), says in the report that the financial system is stronger today than in the fall of 2008, but he concludes, “Many of TARP’s stated goals…have simply not been met.”
via TARP: Government Bailout Failed to Reduce Foreclosures, Unemployment, Says Watchdog – ABC News.
