Quote:
Originally Posted by RainMaker
That already took place last year when we more or less nationalized the mortgage, banking, investment, and insurance industries. I wouldn't exactly call it a power grab and instead a move of desperation. The alternative was to let these institutions fail.
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I also seem to recall that at the time TARP 1 was rolled out, Senator Obama was depicted as showing leadership while McCain was "erratic". Unless the narrative at the time was unmitigated BS, that would mean candidate Obama had a lot of input in TARP 1 and owns that part of the problem too. Seems to me he didn't "inherit" this issue, he was fully invested in it.