The TARP plan was a loan. And it’s getting paid back in record time...with interest.
Some ot TARP is getting paid back, because they saw that it was in reality an attempt at nationalization.
Much of TARP will never be paid back; it went into failing companies that had no hope of recovery. Delaying the failure of those companies has harmed the economy.
And don’t forget that over half of the funds cannot be accounted for. (Interesting coincidence: Two Japanese men arrested attempting to cross into Switzerland from Italy carrying undeclared bonds with the same value as the missing TARP funds)
Those banks never needed the money in the first place but were forced to take it by the government.
So the entire 'sky is falling' nonsense that Bush and the nitwit Paulin, was simply smoke and mirrors.
And what is worse, is that the GOP Senate, went along with him instead of resisting it like the GOP House did.