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What TARP Boss Neil Barofsky Told Me Yesterday Should Shock You

By Bill Bonner, The Daily Bell:

The financial news is getting boring. The Dow goes only one way – up. But gold fell below $1,400 per ounce yesterday.

Rather than trying to figure it out, yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program.

You remember TARP? It was the feds’ $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned out…

Meanwhile, in yesterday’s International Herald Tribune was a small note: “Economists agree that spending cuts and tax increases have slowed the US recovery.”

Read More @ TheDailyBell.com

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