Warren Buffett and former Wells Fargo boss Richard Kovacevich are friends, and Berkshire Hathaway's largest holding is Wells Fargo.
History will judge the Troubled Asset Relief Program more positively than people do now, said Warren Buffett, chairman and CEO Berkshire Hathaway, and in the midst of the first government shutdown in 17 years.
The TARP financial industry bailout was one of the "worst decisions in the history of the United States," former Wells Fargo boss Richard Kovacevich told CNBC.
Neil Barofsky, special inspector general for the Troubled Asset Relief Program, talks about the performance of and outlook for TARP. Barofsky, who is resigning effective March 30, speaks with Erik Schatzker on Bloomberg Television's InsideTrack.
Bloomberg reports that just as Citi CEO Vikram Pandit has made a big thing about becoming the 'largest emerging-markets financial-services company', investors appear to be pulling out. And cynics are starting to wonder if Citi has got it wrong again.
WASHINGTON, D.C. - The Congressional Oversight Panel, which was established by Congress in late 2008 to oversee the $700 billion Troubled Asset Relief Program (TARP), today released its 30th and final oversight report.