Apology not accepted, only because one was not needed.
But I guess I’ve read way, way too much on TARP over the years to let a sunny assessment, especially by a pundit I have learned to loathe for myriad reasons, stand.
I like Bush just fine, but I’m not going to ever excuse things like NCLB and TARP, just because he’s better than the moron we have in office now.
Given the number of high-profile firms that actually did collapse in that timeframe, there is a certain plausibility to the claim that doing nothing would in fact cause a more general collapse.
Whether or not the experts were correct in their assessment is a matter for debate -- all we have now, is that TARP was passed, no general collapse occurred, and that a certain amount actually has been paid back.