Neil Barofsky

Charles Payne On TARP SIG’s Report: Home Mortgage Modifications

Neil Cavuto interviews Charles Payne on Obama's $30 billion small bank bailout which he believe will do little as the banks that receive the money will just sit on it like the Big Boys did. What's more important about this interview is the Neil Barofsky report that has another interesting tidbit inside. This is going to be another one of these programs that sounds great on the surface but doesn't work, like this home mortgage program.  This thing is a disaster.  I don't know if you if saw this Neil Barofsky report, but he's saying $75 Billion to help 4…
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Bailouts Could Cost $23 TRILLION

Are you ready for this boys and girls?  We knew this was coming...and we are already broke. Neil Barofsky, is a special inspector general  testifying to the House oversight committee tomorrow, (Tuesday 7.21.09),  and the prospects are dim considering "they" always lowball the figures. Bailouts could cost U.S. $23 trillion A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government’s watchdog over the effort says – a staggering amount that is nearly double the nation’s entire economic output for a year. If the feds end…
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