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You seem to be confusing TARP with the Fed's balance sheet. TARP was repaid, in a short amount of time, and at a slight profit. TARP is also one reason why the
by adventured 7y ago
You seem to be confusing TARP with the Fed's balance sheet. TARP was repaid, in a short amount of time, and at a slight profit.
TARP is also one reason why the US has the world's strongest financial system, ten years post great recession. The major US banks are the marvel of the world in terms of overall health. Meanwhile, the Eurozone's financial system has largely been meandering through disaster for a decade. It's essentially universally agreed by economists - and the actual results easily demonstrate it is true - that what the US Treasury and Fed did, was the right decision. TARP worked and it was repaid.