Neil Barofsky on the Need to Tackle Banking Reform | Moyers & Company | BillMoyers.com

NEIL BAROFSKY: SIGTARP. Was to have two focuses. One was the oversight function and doing reports and audits and keeping an eye on Treasury and making recommendations. But what I was more focused on in the beginning and what I thought my job would be is we also created a brand-new law enforcement agency, completely from scratch, whose job was to police the TARP program.

And with $700 billion going out the door, the idea was that, inevitably, there were going to be criminal flies drawn to that honey. And our job was to catch them, do the investigations, and then get the Department of Justice to prosecute them. So I really looked at this job going in as a law enforcement job. And I was thrilled with the opportunity to build one from scratch.”

Neil Barofsky on the Need to Tackle Banking Reform | Moyers & Company | BillMoyers.com.

Advertisements