TARP watchdog says foreclosure plan is failing
Foreclosures in the U.S. matched their highest level on record at the end of 2010, according to the Mortgage Bankers Association. And that's frustrating to one of the nation's top financial watchdogs. Neil Barofsky is the special inspector general for the Troubled Asset Relieve Program, TARP, which is the massive federal bank bailout program. Barofsky, who is stepping down at the end of March, says the Obama administration's program to prevent foreclosures is broken. Barofsky spoke to NPR for an exclusive interview this week about foreclosures and his time in Washington.