Neil Barofsky thinks Obama administration is too soft on too big to fail banks

Ateneo Professor on Entrepreneurship

Neil Barofsky, senior inspector of TARP (Troubled Asset Relief Program) which assisted troubled institution in 2008 recover through government/taxpayer money, thinks the present government is lax on too big to fail institutions (because of Tim Geithner, a former Wall Street veteran)

Even the Dodd - Wall Street Reform and Consumer Protection Act, is not addressing the problem of breaking up of too big to fail banks.

By not addressing the main problem, the US financial system is vulnerable to excess and financial shock again:


Video interview