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.
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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)
