• pfried@reddthat.com
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    1 month ago

    Should I remind you who spent 700 BILLION DOLLARS on bailing out banks?

    Congress authorized $700 billion for TARP, signed into law by GWB in 2008. In 2010, Obama signed Dodd-Frank, which mainly introduced banking regulation meant to prevent a future crisis but also reduced the amount of money authorized to $475 billion. Four years later, the Treasury sold its last TARP assets, booking a $15.3 billion surplus over the lifetime of the program.

    https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program