8537
VIP Member
You are correct on one point, however. The effort made by President Obama to get Congress to authorize the second installment of the damn TARP program came while he was still managing the OFFICE of the PRESIDENT-Elect.
Congress did not need to authorize the second installment. The second installment was pre-approved and only congressional action to prevent it could have stopped the delivery of that money to treasury. That's how Bush and Paulson arranged it.