You're watching...  Blame Democrats & Republicans    Barofsky
accuses both political parties of selling out average Americans.
This transcript is automatically generated  We would often hear
treasury officials repeat the same type of arguments that the
banks themselves and their lobbyists would make.  We were trying
to push for we thought were really really common sense issues.
I mean things like -- banks why don't we make -- report on how
they're spending the TARP money.  -- -- was basic level of
transparency.  But we heard it from the banks and then we heard
it from treasury officials.  Repeating the word for word the
same defenses.  As to why we shouldn't or -- -- do this.  On and
that came with.  -- program after program as we identified.
Potential areas of fraud potential areas of conflicts of
interest potential areas where the banks could really -- unfair
windfalls at taxpayer expense.  Of the arguments that the banks
in the arguments of the government officials.  Were
indistinguishable so who sh