this post was submitted on 18 Apr 2024
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I was right in the middle of the Investment Banking Industry back at the time and paid close attention to all the details about how the entire thing was conducted and the kind of market interventions going on, rather than just eat up the high level bullshit fed to pre-convinced members of that specific political tribe who don't know how the business works ...
I actually had a pretty good opinion of Obama up until I saw who he put there conduction the bailouts, how they were conducted, how the pain was distributed, how the market was intervened in and which economic strata were saved with whose money.
TARP doesn't even amount to a tip of an iceberg.