At the Republican Presidential debate last week, Texas Senator Ted Cruz did something unusual for a politician — he gave a straightforward answer to a question. Yes, Cruz made clear, if the Bank of America was on the brink, he would let it fail.

That answer made perfect sense to millions of Americans who are tired of politicians doing special favors for their well-connected friends on Wall Street. But doing such favors is what Washington politics is all about.

That reality was highlighted by Neil Barofsky, who served as the Special Inspector General for the TARP bailouts. His book “Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.” The title says it all. A lifelong Democrat, appointed by President Bush, Barofsky was stunned that the change from the Bush Administration to the Obama Administration made no difference. No matter which party controlled the White House, the Treasury Department saw its goal as insuring the financial success of the big banks.

Read the article “Cavuto’s Debate Question to Cruz Obscured This Reality: Depositors Will be Protected If the Big Banks Failed” on realclearpolitics.com.