“Viewpoint” host Eliot Spitzer reacts to a report from the Office of the Special Inspector General for the Troubled Asset Relief Program (TARP) predicting that TARP will wind up costing $60 billion rather than the “widely held misconception” that the program will result in profit. Spitzer warns that TARP is “creating the same dangerous incentives that caused the [financial] crisis in the first place.” Spitzer then calls out Treasury Secretary Tim Geithner for his recent remarks in Portland, Ore.: “It is so odd when Tim Geithner says, ‘You can’t legislate away stupidity and risk-taking and greed and recklessness.’ No, Mr. Geithner: Maybe you can’t legislate away stupidity, but you can prosecute criminality and that hasn’t happened yet.”
