Oct
27
2009
TARP Became An All Purpose Bailout Tool And Should Be Removed
Posted by in Mortgage Loan NewsNews Sources wrote an interesting post today on
Here’s a quick excerpt
WSJ The Troubled Asset Relief Program will expire on December 31, unless Treasury Secretary Timothy Geithner exercises his authority to extend it to next October. We hope he doesn’t. Historians will debate TARP’s role in ending the financial panic of 2008, but today there is little evidence that the government needs or can prudently manage what has evolved into a $700 billion all-purpose political bailout fund. We supported TARP to deal with toxic bank assets and resolve failing banks as a
Read the rest of this great post here
















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