Fallout From the Federal Bailout Is Among the Topics of UCSB’s 32nd Annual Santa Barbara County Economic Summit
The summit takes place on Thursday, May 2, from 8:30 to 11:30 a.m. at the Granada Theatre in Santa Barbara.
The half-day summit starts at 7:30 a.m., with check-in and a continental breakfast, followed by three hours of presentations beginning at 8:30 a.m.
The summit’s first presentation will be given by Neil Barofsky, the first special inspector general of the Troubled Asset Relief Program (TARP). In his talk, based on his book “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street,” the former federal prosecutor and senior fellow at New York University (NYU), will discuss from an intimate perspective the action behind the controversial $700 billion federal bailout, the majority of which went to financial firms, banks, and automakers.
