Monday, August 06, 2012

Barofsky vs, Geithner

I have no idea what round this is, but Barofsky goes after Geithner once more, this time for Tim's reaction to DeMarco's refusal to place homeowners above Fannie and Freddie.   Barofsky argues that Barack and Tim have "never prioritized coming up with an effective approach to helping homeowners and reviving the housing market, even when it had a multi-hundred-billion-dollar TARP war chest at its disposal".

Tim, in Neil's view, preferred to help the banks rather than the people.He ends his article with the following:
Geithner wrote this week to Demarco: “You have the power to help more struggling homeowners and help heal the remaining damage from the housing crisis.” If only he had heeded his own advice.

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