Feb 03
Stated another way, even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car.
The TARP Inspector General
From the Executive Summary of his first report.
H/T Belmont Club
Full link at http://www.sigtarp.gov/embargoed/embargo.pdf
The summary and intro are interesting and scary.
February 4th, 2010 at 10:02 am
An interesting report that deserves careful study. Before I read it carefully, I warn readers from experience that IGs sometimes get carried away with their mandate.