Thread: Thank you GWB!
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Old 03-31-2011, 03:51 PM   #6
mosholu
Mosholu
 
Join Date: Feb 2007
Location: NYC
Posts: 440
It is nice that we did not lose any money but we are really no better off or removed from risk of bank failures as a result of this or anything else Mr. Geithner has had a hand in. The large banks are more concentrated than ever and there are no restrictions on credit default swaps or other derivative products that played a big part in the crisis. Also do not forget that the bill for Fannie and Freddie has not come in yet and there is no doubt that will easily consume any profit was made from TARP.
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