Watchdog: Bailouts Created More Risk In System
Written on January 31, 2010 – 6:44 am | by admin
WASHINGTON — The government’s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.
The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.
“Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car,” Barofsky wrote. Read more…
Whatever the number you have, I bet is isn’t as many as Albert Gomez. The Miami man admitted to stealing 40 million credit and debit card records last September. He now faces 17 – 25 years in prison for pleading guilty on a second charge.
This week I wrote about how to maximize your entertainment dollar and all the comments seemed to center around our favorite board games. So it seemed like the perfect Friday Your Take post would be if everyone shared their favorite games!