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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

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    Pete Hoekstra repeats his support for tax increases | 13 comments (13 topical, 0 hidden)
    It was not so much that select banks (none / 0) (#13)
    by Sway21 on Mon Jul 05, 2010 at 11:51:08 PM EST
    got bailed out as it was that the "too big to fail" banks did.  In fact, banks like BoA had to get cajoled into taking the money.  If the large troubled lenders had failed the whole system might well have collapsed and we'd be writing midst a depression.  In that regard, the TARP was justified.

    In all other regards, some you cite, it was a debacle.  And, of course, the banks did not lend the money, who would with the fed's breathing down their neck over reserve assets?

    And the on-going tragedy is that, rather than forcing too big to fail institutions to divest themselves of non-core businesses they remain unchanged and at risk for future failure and yet more bail-outs.  Of course, the scariest of these are Freddie and Fannie.

    Parent

    Pete Hoekstra repeats his support for tax increases | 13 comments (13 topical, 0 hidden)
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