Because not helping those folks had systemic risk, they were deemed "Too Big to Fail" and given interest free loans after they cut taxes to pay for their surprise necessary multi-trillion dollar war.
And Geithner saved us all as he was asked to do.
Is it the same people tasked with getting inflation down and whethering the induced bubbles this time? They have gotten inflation down, but they can't hide the unpaid expenses of "scorched earth" and "starve the beast" experts at this.
Geithner had nothing to do with TARP; the SEC was barely involved. This article has practically nothing to do with the SEC outside reporting requirements.
We’ve also gone through a round of bank failures, largely due to risk managers who couldn’t contemplate America raising rates, without moral hazard.
And Geithner saved us all as he was asked to do.
Is it the same people tasked with getting inflation down and whethering the induced bubbles this time? They have gotten inflation down, but they can't hide the unpaid expenses of "scorched earth" and "starve the beast" experts at this.