Against lots of vocal opposition, I supported TARP. This is why. The assistance was necessary to stop a spiraling dynamic and prevent a banking disaster. It was a carefully thought out plan with a way to recover funds when the danger was clear.
The unfortunate unintended consequence was that politicians across the nation saw it as a GO signal to borrow in previously unthinkable levels against
Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts
Thursday, July 8, 2010
on support of TARP
Against lots of vocal opposition, I supported TARP. This is why. The assistance was necessary to stop a spiraling dynamic and prevent a banking disaster. It was a carefully thought out plan with a way to recover funds when the danger was clear.
The unfortunate unintended consequence was that politicians across the nation saw it as a GO signal to borrow in previously unthinkable levels against
The unfortunate unintended consequence was that politicians across the nation saw it as a GO signal to borrow in previously unthinkable levels against
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