News, analysis and personal reflections on the markets & the financial sector

Thursday, April 1, 2010

TARP proves to be successful, a good deal for taxpayers

The Troubled Asset Relief Program was established at the height of the financial crisis in September 2008, breaking free-market capitalism rules and angering many Americans. However, the bipartisan program has proven to be a winner. "When the country faced imminent disaster, political leaders suppressed ideology and partisanship -- and acted, in the national interest," according to this Washington Post editorial. "If only they could apply some of that same spirit to problems before they reach the crisis stage."

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