Did TARP save America???

[rightwinger]

Who in the private sector was willing to stand up and back the banks? The financial sector was in a panic....stock values crashed, they were shedding workers at 700,000 a month, there was no lending

Without TARP we would have had a Depression

Who cares if the banks all died? NON issue.

The Fed is perfectly capable of lending directly to the public just like any bank does. And at much lower interest rates. The "banks" in the middle are just marking up a product the Fed provides them free.

The banks survived while the economy flounders, don't you see the failure in that result?

Lemme rephrase that:

The baby died but we saved the bath water.

Which side of the political spectrum are you on? I haven't seen this proposal since 1917 Bolshevik Russia

 

[loosecannon]

Who in the private sector was willing to stand up and back the banks? The financial sector was in a panic....stock values crashed, they were shedding workers at 700,000 a month, there was no lending

Without TARP we would have had a Depression

Who cares if the banks all died? NON issue.

The Fed is perfectly capable of lending directly to the public just like any bank does. And at much lower interest rates. The "banks" in the middle are just marking up a product the Fed provides them free.

The banks survived while the economy flounders, don't you see the failure in that result?

Lemme rephrase that:

The baby died but we saved the bath water.

Which side of the political spectrum are you on? I haven't seen this proposal since 1917 Bolshevik Russia

neither, the political spectrum is a joke. But there is nothing wrong with a central bank owned by the citizens lending directly to them. That was how this nation operated for it's first 60 years.