It’s worth noting, though, that TARP succeeded in saving the US economy, which was much less affected by the crisis, and turned a profit for the US government.
It’s worth noting, though, that TARP succeeded in saving the US economy, which was much less affected by the crisis, and turned a profit for the US government.
>and turned a profit for the US government
Accounting for inflation and opportunity costs?
I dunno, man, you’ll have to figure that out for yourself. Wikipedia says “ In total, U.S. government economic bailouts related to the 2008 financial crisis had federal outflows (expenditures, loans, and investments) of $633.6 billion and inflows (funds returned to the Treasury as interest, dividends, fees, or stock warrant repurchases) of $754.8 billion, for a net profit of $121 billion.”
It saved the stock market. Try telling one of the thousands who was made homeless that it saved the economy.