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Federal records show 177 well-connected (read politically-connected) firms participated in TALF.
For investors, there was little risk w/ rewards guaranteed. The Federal Reserve (read taxpayers) funded as much as 90% of the investments.
If bonds were profitable, the borrowers benefited. If not, the department took over the depreciated assets with no repercussions for borrowers.
Then-Sen Joe Biden was a key advocate for the financial bailout, which was expanded under Obama.
Biden even delayed his 2009 Senate exit to cast his final vote to increase funding for the Program before taking office as Obama's VP.
Biden said about the massive giveaway: "Had we not bailed out the large banks, there would have been a flat-out depression.