Listen carefully towards the end who pays for this fraud!
May 11 (Bloomberg) — Neil Barofsky, former special inspector for the U.S. Treasury’s Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about JPMorgan Chase & Co.’s $2 billion trading loss.
Barofsky speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)
TARP – the bank failed out program. When banks create schemes that are too complicated for the average legislator to understand, let alone a judge or a regulator…it’s time to stop the mass destruction.