Monday, December 27, 2010

Banks continue to face failure



After reading this article, any one can question what exactly did the billion dollar TARP program do? One thing for sure, it raised the deficit and put more pressure on tax payers. But when you look at what the program was supposed to do, you wonder what is going on in the minds of the people on capitol hill and the Fed's...the banks are now again failing, even with the billion dollar bail-out. This may have something to do with the fact that there was no actual plan for recovery; the Fed's just handed the banks the money without strong regulation.


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