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Referring to "TARP/PPP" is misleading, IMO. TARP disbursed $440 billion in exchange for assets, and received back $443 billion to return those assets[0]. It ma
by pwinnski 4y ago
Referring to "TARP/PPP" is misleading, IMO.
TARP disbursed $440 billion in exchange for assets, and received back $443 billion to return those assets[0]. It made a small profit for taxpayers.
PPP is... not that.
0. https://www.thebalancemoney.com/tarp-bailout-program-3305895 https://www.thebalancemoney.com/tarp-bailout-program-3305895
- BWStearns 4y agoI didn't mean to over-imply the similarities. I was mostly pointing out that large scale interventions rightfully sacrifice oversight for speed/impact, but that it'd be nice to see more after the fact accountability.