Barofsky Says TARP ‘Almost Certainly’ Will Bring Loss

Bloomberg reports:

Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will “almost certainly” result in a loss to U.S. taxpayers.

“We need to temper or be realistic about our expectations, a dollar-for-dollar return is just highly unrealistic,” he said today at the Bloomberg Washington Summit. “It’s almost certainly going to be a loss.”