
Why the U.S. Government Bought 'Troubled Assets'
Clip: 8/2/2012 | 7m 40s
Making Sen$e of Bailouts: Why the U.S. Government Bought 'Troubled Assets'
The Troubled Asset Relief Program was created in 2008 to prevent financial collapse by allowing the U.S. government to buy up troubled assets. But it ended up being used to bailout big banks. Paul Solman talks to Neil Barofsky, author of the new book "Bailout," about his role as the former TARP Special Inspector General.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

Why the U.S. Government Bought 'Troubled Assets'
Clip: 8/2/2012 | 7m 40s
The Troubled Asset Relief Program was created in 2008 to prevent financial collapse by allowing the U.S. government to buy up troubled assets. But it ended up being used to bailout big banks. Paul Solman talks to Neil Barofsky, author of the new book "Bailout," about his role as the former TARP Special Inspector General.
Problems playing video? | Closed Captioning Feedback
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