Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: palmer

Sorry but the market crash had nothing to do with TARP being opposed. It had everything to do with TARP being passed. TARP passed on October1, 2008. The big market plunge occurred between October 2 and 18, after Bush, Paulson and Bernanke had spent four weeks telling people that the US was facing doom. The panic was intentional and you can be sure that a number of select insiders made fortunes short-selling during the panic.


16 posted on 11/14/2012 2:47:00 AM PST by littleharbour
[ Post Reply | Private Reply | To 13 | View Replies ]


To: littleharbour

Maybe I wasn’t clear, but without TARP we would have had a quick drop necessitating an FDIC bailout. The drop would have been an huge opportunity for smaller healthy banks which would have led a quick recovery. The market drop after the first TARP vote was Wall St theatre, but it got enough RINO votes to get it passed.


21 posted on 11/14/2012 3:12:12 AM PST by palmer (Jim, please bill me 50 cents for this completely useless post)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson