San Diego Housing Market News and Analysis
Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard
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Submitted by sjk on August 1, 2012 - 4:15pm
Still don't think that our government is corrupt? Neil Barofsky book is a must read.... Check out this 5 minute video.
Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.
Naturally, we had to read the tell-all and then invite him to the office to tells us even more.
Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.
For regulators it's something like this:
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