Daily Archives: July 23, 2012

Reinventing Crony Capitalism: the Context of Geithner’s Obscene Rant against Barofsky

By William K. Black

Neil Barofsky, the former Special Inspector General for the Troubled Asset Relief Program (TARP) (SIGTARP), was one of the officials that made one proud of America.  Naturally, Treasury Secretary Timothy Geithner detested him.  Barofsky discusses Geithner’s antipathy for him in a newly published book: “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.”  The juicy parts that have been discussed in the media involve Geithner’s epic “f” word rant against Barofsky in fall 2009 in response to Barofsky’s recommendations for greater transparency about TARP. Continue reading