Barofsky on LIBOR scandal: ” I hope to see people in handcuffs”

Neil Barofsky, the former inspector general in charge of oversight at TARP says Treasury Secretary, Tim Geithner’s comments on LIBOR aren’t credible and argues that his inaction and failure to ring alarm bells was an implicit approval of what banks were doing. Here is a direct link.

He also weighs in on Sandy Weills’ call this week to break up the big banks. Here is a direct link.