[what's up]

Yes, Bush modelled TARP on the RTC...a huge percentage of which was paid back.

But if you told Freepers that last Fall you had mud thrown at you.

[Wallace T.]

The RTC at least had real estate to liquidate. Even if overvalued, there was still a market value to the underlying properties. The TARP assets are toxic waste, junk mortgage derivatives and other exotic instruments lacking any market.