this post was submitted on 17 Feb 2025
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He said in his SOTU address, as well as in multiple interviews, that he hated how the TARP bailouts were designed but attempting the alternative of bailing out the borrowers would’ve taken far longer. That was with control of the Senate and the House.
I’m not convinced that Republicans had the stones to resist an equitable bailout while the banking industry was on fire. It’s not like they could force TARP without his approval. He made a call, and it wasn’t the right one. I’m not branding the guy. Good Presidents can make bad decisions.