Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans
Large companies that received money from the small business loan program are not to blame, according to former TARP watchdog Neil Barofsky.
“You have to go back to the design of the program itself,” Barofsky told CNBC on Thursday.
“I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants,” he said on “Closing Bell.”“…