Timmy was given job only because he was the ONLY ONE who could do TARP right and do it quick
Tarp was cancelled and never done, Pigulus failed and now we have trillions in deficits.
FIRE him and prosecute for all his past tax evasion!!!
This Sanders guy won’t be invited to Geithner’s house for a party any time soon.
tarp was replaced with rules to allow bogus accounting.
troubled assets still exist they are just sitting on the books as inflated assets. If banks, insurance companies, and
other financial institutions had to mark down these assets they would be bankrupt. The other factor was to allow the fed to lend to these institutions at near 0 rates.
The problem with all of this is that it translates to a final solution/end game that must inflate the dollar to bring the assets back to book value and allow the loans to be repaid to the fed with inflated dollars.
Andrea Mitchell is married to Alan Greenspan - does that explain anything?