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By Neil Barofsky, Adjunct Professor of Law and Senior Research Fellow at NYU Law School, former Special Inspector General of the Troubled Assets Relief Program, and author of Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street
I first became acquainted with Naked Capitalism while I was still at Treasury as the Special Inspector General for the Troubled Asset Relief Program. Like many government agencies, we had a clip service that scoured the Internet for news reports related to the financial crisis, and rarely a week would go by where it would not feature a posting from Yves that would provoke a Whoa! moment. This is the moment — well familiar to NC readers — when you are assaulted with a well thought out and often meticulously sourced argument that turns the established orthodoxy on its head with irrefutable logic. My mind is often changed by the force of Yves’ arguments, and even on those occasions when I still disagree with her conclusions, I am grateful for the deeper understanding that I will inevitably gain from her work.
Yves brings remarkable insight and a tireless commitment to unmasking the truth to Naked Capitalism. When she speaks to truth to power, power has to listen, and she serves as a vital counterbalance to the forces that so often dominate the public narrative of finance: powerful financial institutions, the government officials who so eagerly serve their interests, and so many of the captured superstars of the media who have long ago transformed their brand of journalism into an access-based celebration of the elites and the status quo.
I contribute to Naked Capitalism because it is often a loud but solitary voice of reason that can pierce through the cacophony of the day, and I strongly encourage you to do the same. Yves’ independence is what makes her so valuable, and let’s face it, when you attack the most powerful of the powerful, as Yves does every single day, it’s not going to garner a lot of financial support from the usual suspects. So instead of wasting your money on one captured politician or another, please join me in helping to preserve one of the most important and truly independent voices on the Internet.