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Old Apr 25, 2010 | 9:48 pm
  #9  
Okto
 
Join Date: Dec 2009
Location: PHX
Posts: 623
Originally Posted by Centurion
... the current administration clearly gave out TARP and let Amex become a bank so they could keep lending.
That's not clear to me at all. I tend to think that TARP money was simply a backstop so large financial institutions wouldn't go down the drain taking everybody down with them. Consumer lending might have been the excuse to make it a bit more palatable to the average joe.
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