BUSINESS

Ex-TARP Inspector General: Bailout 'Failed' To Meet Goals

03/30/2011 02:18 pm 14:18:26 | Updated May 30, 2011

TWO and a half years ago, Congress passed the legislation that bailed out the country's banks. The government has declared its mission accomplished, calling the program remarkably effective "by any objective measure." On my last day as the special inspector general of the bailout program, I regret to say that I strongly disagree. The bank bailout, more formally called the Troubled Asset Relief Program, failed to meet some of its most important goals.

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