- Sat Jul 28, 2012 5:37 am
#9556
I just read a book last night; I started reading it and couldn't put it down until I had finished it. The book is "Bail Out" by Neil Barofsky. Barofsky was the SIGTARP (Special Inspector General for TARP Funds) Inspector General overseeing the spending of over $700 billion in TARP funds. After reading this book you'll want to start a new revolution in this country. It goes into how Washington works, the gross incompetance of high placed officials and the prevailing cover-your-ass mentality of many Washington types. Amazingly, the author has a bit of respect for Congress as he feels that all of the agencies in Washington go to great lengths to keep Congress in the dark. Many agency officials try to remain as invisible as possible so that Congress won't ask them qustions.
Long and short of it-much of the $700 billion was just pissed down the drain and any attempt at oversight was met with fierce resistance from the entrenched powers in Washington.
After reading this book I feel that every poster has a grain of truth in his comments.
Long and short of it-much of the $700 billion was just pissed down the drain and any attempt at oversight was met with fierce resistance from the entrenched powers in Washington.
After reading this book I feel that every poster has a grain of truth in his comments.
