2009-01-23nakedcapitalism.com

" Readers may recall that we hated the TARP from its inception. Recall that the TARP was so named because the TA stood for "troubled asset". The plan was to buy crappy assets from banks because this would leave them with nice pristine balance sheets and they could go forth and be reckless lend once again. "



Comments: Be the first to add a comment

add a comment | go to forum thread