Barofsky was the Special United States Treasury Department Inspector General to oversee the Troubled Assets Relief Program (TARP). His aggressive oversight of the TARP bailout became a thorn in the Obama administration’s side prior to Baraofsky’s resignation in February 2011.
Oh, by the way: the “too big to fail” banks got even larger during the Obama Administration. Here’s Ed Morrissey at Hot Air:
More than two years ago, Barack Obama railed against “too big to fail” banks and pledged to prevent the “further consolidation” of the banking system. Did Obama succeed? According to Bloomberg, the five banks that held assets equal to 43% of the US economy in 2007 before the financial crisis and the bank bailout now control assets that equal 56% of the US economy[.]