Neil Barofsky, a former special inspector general overseeing Troubled Assets Relief Program aimed at strengthening financial institutions during the financial crisis, calls the program a failure.

In a talk on his new book, “Bailout: An Inside Account of How Wall Street Abandoned Main Street While Rescuing Wall Street,” in New York on Thursday, Barofsky emphasized how TARP’s $700 billion put the balance sheets of large financial institutions first and did not live up to its promises to help up to 4 million homeowners.

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