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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (1038439)	11/13/2017 12:13:05 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1576956

Repeal of Glass-Steagall passed under Clinton TARP passed under Bush what's your point? Obama ran TARP “The rescue of AIG continues to have a poisonous effect on the marketplace,” one critic said recently. “By providing a complete rescue that called for no shared sacrifice on the part of AIG and its creditors, the government fundamentally changed the rules of the game on Wall Street. As long as the biggest companies in America believe that you and I will bail them out, the worst effects of the AIG rescue will linger.” The critic was not a Republican politician or some conservative think tank. It was Elizabeth Warren, President Barack Obama’s choice to set up the new agency that will protect consumers from financial system abuses, and her blunt assessment is shared to some extent by critics on the left and the right. A separate report by TARP inspector general Neil Barofsky raises similar questions, pointing out that TARP is only a small part of the financial rescue, and that the government’s total debts for that effort have actually been growing sharply.