Here’s what I found after a quick search.
“Conceptually, I agreed with TARP at first. But when they implemented TARP, they made the rules up as they went along. They were partial to big banks rather than making sure that money went to community banks and small banks; it caused a lot of problems. They did it the wrong way.”
Seems that he was in favor of TARP but felt it was a payout to the big boys.
So he was in favor of TARP, but disliked the way the government implemented it. That is a cop-out since all federal programs are poorly implemented, regardless of initial rhetoric or good intentions. And he should know this.