Bailout May End Up Costing $0

[Matt J]

Bailout May End Up Costing $0 - Despised TARP expires Sunday

Just remember on November 2, that the Republicans were ready to have you stand in bread lines rather than pass this. Now that it worked do you think we'll get a "you were right" or ever hear mention of it on Fox News?

 

[30ashopper]

Bailout May End Up Costing $0 - Despised TARP expires Sunday

Just remember on November 2, that the Republicans were ready to have you stand in bread lines rather than pass this. Now that it worked do you think we'll get a "you were right" or ever hear mention of it on Fox News?

"it worked"? How exactly did it do that? What are the ramifications of having too big to fail banks that coalesce into even larger institutions that are also considered "too big to fail"? What are the long term effects of the precedent set by this legislation?

When accounting the cost of TARP, I would suggest you do a little research. The key phrase is "may" and that statement was made by one of it's biggest proponents, Timmy Geitner.

Opinions Differ on TARP's Real Cost - TheStreet