You do understand that the original TARP (under Bush) has been paid back with interest?! [And, more importantly, a complete world-wide financial collapse was averted — READ Larry Kudlow, et al.]
It has been more successful than the S&L bailout.
And, yes, it avoided a world-wide depression.
Fanny and Freddie have not paid back bailout money- were they included in TARP?
Kudlow is becoming a sycophant of late.