See Financial Times for full article Editor’s Comment: Barofsky’s characterization of the Geithner doctrine is accurate and appalling at the same time. The decision was made across the board that the stability and illusion of financial health on Wall Street was and is more important than anything else is what led to a prolonged recession […]

Tags: Banana republic, Banking industry, Moral Hazard, Neil barofsky, POLITICS, regulation, regulators, Tim Geithner
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