TARPed: How Congress Bailed Out Big Bank Shareholders

Written by Gary North on January 4, 2012

The story of the TARP bailout is the story of how the Federal Reserve bailed out the banks a week after the government had bailed out the banks’ shareholders. The FED could have intervened a week earlier. It didn’t. It kept the biggest banks in business, so that their shareholders would avoid losing everything. Let’s […]

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