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The bank bailout is the one thing that seems to have actually worked. The Fannie and Freddie bailout is still sucking money. TARP was a disaster. And, the le
by anamax 15y ago
The bank bailout is the one thing that seems to have actually worked.
The Fannie and Freddie bailout is still sucking money. TARP was a disaster.
And, the less said about Obama's green initiative, the better.
- jeffool 15y agoI'm a bit confused. TARP was a part of the bank bailout. And according to the Congressional Budget Office, the 700B investment will actually cost about 19B. That said, to claim that they were "too big to fail", bail them out, and then not address that "too big" issue is bullshit. Either they're too big and need to be broken up, or they weren't, and should've been allowed to fail. Trying to have it both ways is, in my estimation, part of the reason for discontent today.
- anamax 15y ago> TARP was a part of the bank bailout Lots of things were bundled together. I'm pointing out what cost money and what didn't. > That said, to claim that they were "too big to fail", bail them out, and then not address that "too big" issue is bullshit. Either they're too big and need to be broken up, or they weren't, and should've been allowed to fail. I agree, but point out that there's no good reason to limit that argument to financial institutions. For example, it applies to govt institutions (fannie and freddie come to mind) and even govts (the US govt being a prime example).