The TARP Enforcer

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Warren, who has spent the better part of a decade fighting for the rights of the maxed-out American family, finds herself with a new mandate: protecting the largest investment of tax dollars in history. Yet if we could place all of these troubled and toxic bad apples on a rocket and blast them into outer space, Warren cautions, we would still be left with deeply troubled American households. “I suspect,” Warren recently told me, “there are many people, particularly in the financial services industry, who wish we could hit the reset button, and it would be 2005 again. They would make great profits and the country will continue to hum along. But this crisis has shown us that not only were millions of middle-class Americans left behind; much of the great wealth at the top was part of a pyramid scheme.