[Theoria]

To the point on TARP, no. We merely encouraged bailout behavior, when bad stuff happens again, US will ride to the rescue. TARP also failed to clear out the toxic assets still within the system.

So many wrongs, so little FR time to account for them.

[DannyTN]

They’ve let 417 banks fail in the last 4 years. That’s almost 5% of all U.S. banks.

Without Tarp there would have been many many more and the damage would have extended to many U.S. businesses, more than it did.

But Tarp would never have been necessary if we hadn’t forgot the lessons of history and removed the protections we had in place.

The same thing is true of trade. For most of our nation’s history we had protective trade tariffs in place. Now free trade with low wage countries has devasted our industries and left our people out of work.