Big Banks' Hold on Regulators Must Be Broken: Barofsky

October 26, 2012

American Banker

Lawsuits against banks are flying, the presidential candidates are promising action – yet none of it will solve the lingering financial mess.

So says Neil Barofsky, the former special inspector general for the Troubled Asset Relief Program. He was as critical as ever of policymakers and financial firms, and called for more independent regulation in a talk at the Museum of American Finance in New York on Thursday evening.

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