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  • 6 years ago
Occupy Wall Street 8.2.2012 [Online Hour Special]

Occupy Wall Street 8.2.2012 [Online Hour Special]

Playing tracks by

The Clash.

Host: Aaron Bornstein and Alexis Goldstein

Guest: Neil Barofsky, former Special Investigator of Troubled Asset Relief Program, current Senior Fellow at NYU School of Law

Guest host Alexis Goldstein, former Wall Street technologist and current Occupy Wall Street organizer. Neil discusses his new book 'Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street'. We focus on Neil's experiences as the primary regulator of TARP (aka 'the Bailout'), his estimation of the scale of the current problems, and his suggestions for a new way forward. He expresses displeasure about both parties and the entirety of the current regulatory structure, as well as the seeming stranglehold the banks have on Washington. We delve a bit into anecdotes, but spend much of our time trying to understand the various contributions: outright corruption, a flawed incentive structure, or more systemic concerns.