aceventura3

I remember writing that the Treasury Secretary was a form Goldman employee before the first TARP was passed, I did not support it because it was a targeted bailout that benefited a few at the expense of many. That was not a "free market" solution. In fact the effect has been to limit competition in the market place. Big business will often work with government to restrict competition and free trade, it solidifies their market share and ability to maximize profits. Government is often knowingly complicit and occasionally gullible. Obama supported TARP, which was he?

I would have said no. It was an error for Bush to support that, I think he simply wanted to placate the demands for government to do something. I think that was the folly of Hoover also, and the trap Obama could fall into.

I would love to see someone explain it in detail. AIG insurance operations would not have been impacted, just the investment banking arm. The insurance companies would have been spun off, and the other part would have gone bankrupt. Then the people that got paid as a result of the bailout would not have made record profits. Period, end of story.

This is not complicated and I am tired of hearing about some mythical "brink" without an explanation. I don't like being sold b.s.

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