Had the banksters been shoved up against a wall and shot instead of being given TARP and the ongoing Fed free money, we would have had a serious depression for a year, and then rebounded completely. Instead, it’s malaise forever - or at least until the FRN = the Zombabwe dollar.
I thought the same thing. I thought TARP was a disaster, it should never have been allowed. I read that members of Congress have portfolios that do “incredibly better-than-average.” I think that helps explain TARP. Wall Street insider traders have nothing on these guys.