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2016 Postmortem

CdnExtraNational

(105 posts) Tue Mar 8, 2016, 12:47 PM Mar 2016

Hillary Clinton Supported TARP; Bernie Sanders says Break Up The Banks [View all]

I remember in 2008 everyone called their Congressmen and Senators to oppose the TARP program.

TARP was defeated!

Then Hank Paulson and all threatened to take down the economy.

They got a bank bailout with no strings attached.

The Goldman Sachs wing won the day!

Representative Democracy failed.

All that was needed was an amendment to TARP to BREAK UP THE BANKS that had just proven they were too big to fail...

But instead we got this...

Top CEO Tells Elizabeth Warren He Is Above The Law

13 replies

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Highlight:

Hillary Clinton Supported TARP; Bernie Sanders says Break Up The Banks [View all] CdnExtraNational Mar 2016 OP

... and screw the other industries that could benefit. Buzz Clik Mar 2016 #1

Some folks have no idea what would have happened had TARP not been passed. Adrahil Mar 2016 #2

It was ugly for millions of Americans that lost homes, jobs, & pensions due to the criminal acts of think Mar 2016 #3

That's great. Did Bernie's plan have a chance of passing? Adrahil Mar 2016 #5

Bite the bullet. Do you agree with what the Inspector General said about TARP or not? think Mar 2016 #6

I haven;t read the book, so can;t say. But... Adrahil Mar 2016 #10

When you say "many people" beedle Mar 2016 #8

So, what do you think would have happened had the entire banking system collapsed? NT Adrahil Mar 2016 #11

easy beedle Mar 2016 #13

The banks got a double dip INdemo Mar 2016 #4

and promises of legislation prevent future meltdowns proved to be totally empty. (nt) pat_k Mar 2016 #7

Pay to bail out the billionaires and be told it's good for us to further enrich them. Tierra_y_Libertad Mar 2016 #9

And Larry Summers argued for TARP bank executives to still get bonuses. AtomicKitten Mar 2016 #12