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Video: Barofsky Says TARP `Almost Certainly’ Will Bring Loss

Posted By Barry Ritholtz On November 12, 2009 @ 8:56 pm In Bailouts,Video | Comments Disabled

Neil Barofsky, the U.S. Troubled Asset Relief Program’s special inspector-general, talks with Bloomberg’s Matt Winkler about the probability that TARP will “almost certainly” result in a loss for U.S. taxpayers.

click for video

barosfshky [1]

00:00 Cook introduces Neil Barofsky.
00:39 Outlook for loss on TARP repayments
04:09 Paulson “less than transparent”; Geithner
06:26 Banks, lobbyists’ influence on TARP
08:00 Fraud investigations; relationship with Fed
12:12 Possibility of renewing TARP; fraud tips
14:22 Barofsky responds to questions.
Running time 29:37

(Source: Bloomberg)

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[1] Image: http://www.bloomberg.com/avp/avp.htm?N=video&T=Barofsky%20Speaks%20at%20Bloomberg%20Washington%20Summit%20&clipSRC=mms://media2.bloomberg.com/cache/vVxNIxPB.zrs.asf

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