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  • PBS NewsHour

PBS NewsHour | Why the U.S. Government Bought 'Troubled Assets' | PBS

Duration: 07:40
Program: PBS NewsHour #999999
Broadcast Date: Aug. 2, 2012

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.

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Post Date: August 2, 2012