Neil Barofsky, How Washington Saved Wall Street and Abandoned Main Street

From the Majority Report, live M-F 12 noon EST and via daily podcast at http://Majority.FM:
Former Tarp Inspector General, Neil Barofsky joined Sam to talk about his new book "Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street." Neil and Sam discussed the widespread fraud in the TARP program, how the HAMP program was designed to provide a "soft landing" for banks the revolving door between Washington and Wall Street and getting a "Bullet or Bribe" Colombian Drug Cartel Style offer from the former head of TARP, Herb Allison.

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  News & Politics

[Marko Kraguljac]

If you want the blame game (its pointless, but anyway).. who's to blame, borrower John Doe (average citizen clueless of banking business, otherwise he would be a banker) or banking institutions who did the lending? Banking institutions who knew well (infinitely better than John Doe) what they were doing.. but still did it.

[DynaCatlovesme]

Guillotine for Geithner!

[Branko Dzokic]

"you're a smart guy, you have a family, you're doing real harm to yourself because of your tone" CAN YOU GET MORE MAFIA THAN THAT ARE YOU KIDDING ME

[Branko Dzokic]

"wouldn't understand that level of transparency" yeah no. you just know what would happen if you were to be that transparent and if all parties were to be on equal footing in regards to certain specific concrete information. you'd think people would see past that just as the see past the feigned offense.

[Will224000]

We need to have some 'Manson Family' encounters with several of the Top Banksters Families... the To .001% need to feel the 'Fear Factor'...

[jasrogg]

Americans let that psycho Paulson run this program for his real loyalty Goldman sachs. And Obama and the Fed should be enemy number 1 and 2. And Dodd and Phil Gramm and all those wonderful leaders who sold out the most needy in our country. Wake the fuck up and get active people,

[SuperBenzid]

Its demand creates all of them.

[bamainatlanta]

Sam Seder is the sexiest nerd alive! damn he is yummy

[jojo momo]

you people are FAKE, all bipartisan is FAKE stop promoting class warfare! left and right unite for the common good!!!

[BroBroDude]

what a new twist this was, too. first time in history a state has ever screwed the majority for the benefit of an elite wealthy minority. one thing's for sure, this certainly isn't a structural problem inherent to statism

we just need to vote a little harder next time. and only for the people who promise change and stuff

[tstruss912]

Hell ya! We should rename Wall Street, "Job Creator Lane" and rename Main Street, "Loser Road"!

[CrowsNest2012]

Using "bullet or bribe" tactics should be a felony. End of story. That would certainly go a long way toward changing the incentive structure. *rolls eyes* It pisses me off that government officials get away with intimidation, outright lies, bait and switch, etc etc etc, and get away with it.