• Neil Barofsky warns government risks housing bubble • Troubled Asset Relief Program cost US taxpayers $700bn Washington’s efforts to fix America’s financial system have created a “heads I win, tails the government bails me out” mentality on Wall Street, according to a stinging report from the watchdog in charge of monitoring the government’s bank rescues. As President Obama prepares to unveil his Budget tomorrow, amid growing voter anger about the costs of the crash, Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program, used his quarterly report to Congress to rebuke politicians for failing to tackle deep-seated problems in America’s financial system.