Inspector Barofsky says success of TARP "mixed"

09/24/2009 | Bloomberg

Neil Barofsky, special inspector general of the Troubled Asset Relief Program, told the Senate banking committee that the effort played a "significant role" in stabilizing the financial system. "There are without question significant signs of improvement in the stability of the system," Barofsky said. He also cited efforts by the Federal Reserve, the Treasury and other agencies as contributing to the market turnaround. However, he called the overall success of TARP "mixed."

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