[palmer]

The other problem is that TARP covered for bad loans in insolvent banks that should have all been liquidated. Instead we undertook the Japanese strategy of keeping that overhang around to drag on the economy to the present and beyond. TARP brought us statism, Obama, bailouts for the auto industry and trillions in "stimulus" waste.

The alternative to TARP which is rarely talked about is the failure of major banks which would have put FDIC into a trillion dollar hole. But place of a trillion or so we have numerous Obama-spent trillions with nothing to show for it.

[Toddsterpatriot]

The alternative to TARP which is rarely talked about is the failure of major banks which would have put FDIC into a trillion dollar hole. But place of a trillion or so we have numerous Obama-spent trillions with nothing to show for it.

A trillion dollar hole as compared to over $20 billion in profits would have helped the economy? How?