Priorities

Yves Smith comments on former Special Inspector General of the TARP Neil Barofsky’s new book, its release clearly timed to maximize the White House’s discomfiture over it. Here’s her most telling analysis:

Barofsky proves that the Obama Administration didn’t give a damn about protecting taxpayer money or protecting homeowners, only shoveling dough at banks and AIG (the auto companies were treated like unwanted stepchildren). It’s one thing to surmise that, another to deliver the goods

If this is populism, I’ll have elitism. If it’s elitism, I’ll have populism.