osoab
11th June 2011, 08:13 PM
video snip of the interview below.
http://www.ritholtz.com/blog/2011/06/neil-barofsky-5t-in-more-bailouts/
Only about one minute. I think this would be a good interview to watch. Basically, nothing is fixed and to go through another round of 2008 scenarios, we would have to pony of 5 trillion. Where in the hell does 5 trillion come from? Fed gov is currently raiding pensions to fund government operations.
http://www.ritholtz.com/blog/2011/06/neil-barofsky-5t-in-more-bailouts/
Only about one minute. I think this would be a good interview to watch. Basically, nothing is fixed and to go through another round of 2008 scenarios, we would have to pony of 5 trillion. Where in the hell does 5 trillion come from? Fed gov is currently raiding pensions to fund government operations.