[GOP_Lady]

If this doesn’t prove to you that TARP was needed, then I cannot help you.

[ClearCase_guy]

Barack Obama's first two budgets have given us $3T in deficit spending. I may be an idiot, but I maintain that the system should have collapsed back in 2008. People should have taken their lumps. That's what capitalism is all about. And after the dust settled, in late 2008 or early 2009, we could have said, "What can we spend to help rebuild? Maybe ... uh ... $3T?"

And I maintain that we'd be in better shape today as a result.

[listenhillary]

In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades.

On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”

On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac. On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.

[Lurker]

Complete and utter crap. Paulson belongs in a very cramped prison cell.