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Ignatius goes on to say that TARP was a good thing because it bailed out the TBTF banks.
Yet Sheila Bair, Chair of the FDIC and a Republican said the government should have bailed out the homeowners. This would have indirectly bailed out the banks and there would not have been the deepest Recession since 1929.
Senator Warren is simply shining a nice bright light on that revolving door between the Investment banks and Treasury.
TBTF - To Big To Fail (except that now they are even bigger)
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Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Eleanor Roosevelt
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