I'm no financial expert by any stretch but TARP was necessary and I understand the gist of it. There was more at stake than Wall Street and god forbid I'm not going to defend them but TARP wasn't just for Wall Street but to keep the global economy from tanking. Yes, we would have survived without TARP but if you think things are bad now, it would have been ten times worse. As far as the rest of us not on Wall Street there was the stimulus, which had nothing to do with TARP, that was passed by President Obama despite the lack of help from most Republicans. Had President Obama gotten what he wanted and what he knew was needed we would be much better off right now. But thanks to Republican obstructionism it wound up getting cut in half and therefore only got the job halfway done.
Read the Article at HuffingtonPost
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