Watch Neil Barofsky Blast The Treasury In A Hearing On Bailouts And The Foreclosure Crisis, And Answer Dow 12,000 Questions
The SIGTARP, Neil Barofsky, is currently testifying at the House Oversight and Government Reform Committee. Amusingly, during the Q&A, Carolyn Maloney just referenced the passage of Dow 12,000, which is supposed to indicate that the economy is healthy, instead of indicating (correctly) that every single asset class is now bid up by the Fed, but who cares about details. But anyway, Neil has nothing good to say about the Treasury and its handling of Bailouts, as well as its cause for the Foreclosure crisis. Worth a watch.
CSPAN video after the jump
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