Gov't watchdog criticizes handling of car dealers

Thomas, Ken
August 2010
Knoxville Automotive Report;Aug2010, Vol. 20 Issue 11, p3
Trade Publication
The article reports on the criticism by Neil Barofsky, special inspector general for the Troubled Asset Relief Program (TARP), regarding the U.S. Treasury Department's decision to shut down many car dealerships without considering the economic fallout. Barofsky states that the agency fails to show why the reduction of costs was necessary for the sake of the economic survival of car companies or the country's economic recovery. He also comments that the agency's decision resulted in unemployment.


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