{"id":7335,"date":"2010-02-01T12:00:00","date_gmt":"2010-02-01T12:00:00","guid":{"rendered":"http:\/\/euvolution.com\/futurist-transhuman-news-blog\/did-tarp-just-kick-the-can-down-the-road\/"},"modified":"2010-02-01T12:00:00","modified_gmt":"2010-02-01T12:00:00","slug":"did-tarp-just-kick-the-can-down-the-road","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/libertarianism\/did-tarp-just-kick-the-can-down-the-road.php","title":{"rendered":"Did TARP Just Kick the Can Down the Road?"},"content":{"rendered":"<p>That seems to be the <a href=\"http:\/\/www.foxnews.com\/politics\/2010\/01\/31\/watchdog-bailouts-created-risk\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%253A+foxnews%252Fpolitics+%2528Text+-+Politics%2529\">opinion<\/a> of Neil Barofsky, the special inspector general of TARP.&nbsp; According to a report released yesterday,<\/p><blockquote><p>The government's bailout of financial institutions deemed \"too big to fail\" has created a risk that the United States could face a worse fiscal meltdown in the future, an independent watchdog assigned to review the program told Congress on Sunday.<\/p><p>The Troubled Assets Relief Program, known as TARP, has not addressed the problems that led to the last crisis and in some case those problems have festered and are a bigger threat than before, warned Neil Barofsky, the special inspector general at the Treasury Department.<\/p><p>\"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.<\/p><p>Barofsky wrote the $700 billion financial bailout has encouraged more risk-taking because bank executives, who are still receiving massive bonuses, figure the government will come to the rescue the next time they steer their ships nearly aground.<\/p><\/blockquote><p>No one should be surprised.<\/p><div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"http:\/\/euvolution.com\/futurist-transhuman-news-blog\/wp-content\/plugins\/wp-o-matic\/cache\/e5f73_6379328854053402400-7614570714504977938?l=jeffreymiron.blogspot.com\" alt=\"\" style=\"padding-left:10px; padding-right: 10px;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>That seems to be the opinion of Neil Barofsky, the special inspector general of TARP.&nbsp; According to a report released yesterday,The government's bailout of financial institutions deemed \"too big to fail\" has created a risk that the United States could &hellip; <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/libertarianism\/did-tarp-just-kick-the-can-down-the-road.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-7335","post","type-post","status-publish","format-standard","hentry","category-libertarianism"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/7335"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=7335"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/7335\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=7335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=7335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=7335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}