cartwrights, if the banks has gone “belly up”, the government would have had to dole out billions of dollars anyway through the FDIC. People with more than $100,000 in a single account (such as retirees) would loose everything beyond the insured amount. Let’s not forget about the uninsured investments. At least with TARP, it was mainly government loans the banks had to pay back and deposits remained safe.
/IF/ the banks were smart, they’d keep some of the executive restrictions they had under TARP. But then if they were smart, they wouldn’t have gotten themselves in that mess in the first place.
cartwrights, if the banks has gone “belly up”, the government would have had to dole out billions of dollars anyway through the FDIC. People with more than $100,000 in a single account (such as retirees) would loose everything beyond the insured amount. Let’s not forget about the uninsured investments. At least with TARP, it was mainly government loans the banks had to pay back and deposits remained safe.
/IF/ the banks were smart, they’d keep some of the executive restrictions they had under TARP. But then if they were smart, they wouldn’t have gotten themselves in that mess in the first place.