General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLest history forget: Obama was Senator TARP
When considering why Obama's DOJ has done jack-$hit to prosecute the Big Banks and their role in destroying much of what was left of the nation's offshored economy back in 2008, consider this:
As Senator, Obama was the Senate Democrats' point man in getting the gargantuan bank bailout,TARP, through the Senate. He interrupted his own campaign schedule just to make sure it got passed. He even made a joint appearance with McCain during the presidential campaign to push for the bank bailouts.
It's not an exaggeration to say that if Bush was President TARP, then Obama was Senator TARP.
And was TARP necessary? Read economist Dean Baker's article, "Wall Street's greatest heist: the Tarp", for that answer.
1000words
(7,051 posts)jaysunb
(11,856 posts)Autumn
(45,089 posts)Kilgore
(1,733 posts)MisterP
(23,730 posts)but anyone who says he likes Wall Streets gets permabanned from Sandbox Maximus
IronLionZion
(45,442 posts)get out the vote.
brentspeak
(18,290 posts)Why not?