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What they fail to note is all the good that could have come from not doing TARP, what innovative services might have sprung up instead? Sure, Detroit might be
by fleitz 12y ago
What they fail to note is all the good that could have come from not doing TARP, what innovative services might have sprung up instead?
Sure, Detroit might be dead (isn't it already?) but there would also be a huge infrastructure for Tesla to buy on the cheap.
Imagine a world in which Tesla and other startups are the only car manufactures in the US? (Well, save for Ford which didn't need a bailout)
What sort of opportunities would there be for FinTech companies sans Goldman, et al? How many small businesses could have been started with $475 billion?
- soAsian 12y ago>What they fail to note is all the good that could have come from not doing TARP, what innovative services might have sprung up instead? Maybe None. It could escalated into Great Depression and no cheap money for start up like Uber, SnapChat..etc.