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The Bank Bailout Is Over but the Fallout Continues
The Troubled Asset Relief Program, or TARP , officially ended last Sunday. It was rolled out two years ago in the midst of a worldwide financial panic by George Bush’s Treasury Secretary Henry Paulson. He said $700 billion to bail out the banks, and Congress gave it to him.
By Warren Olney • • 1 min readThe Troubled Asset Relief Program, or TARP, officially ended last Sunday. It was rolled out two years ago in the midst of a worldwide financial panic by George Bush’s Treasury Secretary Henry Paulson. He said $700 billion to bail out the banks, and Congress gave it to him. Now Senators and Representatives members of both parties, and the Obama Administration are playing an enormous political price.
