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Well TARP was needed but there should have been systems in place to prevent it being needed (not allowing firms to grow to "too big to fail")
by outside1234 7y ago
Well TARP was needed but there should have been systems in place to prevent it being needed (not allowing firms to grow to "too big to fail")
- jessaustin 7y agoThe firms have been big enough to control who is appointed to supervise (and bail out, when necessary) them for a long time. Nothing that happened in 2007-10 was going to change that. All the promises were bullshit, because that's all they possibly could have been.