Is it the TARP that has failed, or is it the government that has failed?
Government and banks are the symbiotic twin evil, while the victimized public are the idiots.
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TARP is short for Troubled Asset Relief Program, designed by the administration and passed by the Congress for the purpose of helping those big banks and financial institutions that were facing bankruptcy in 2008.
An asset that is deep in trouble is no more an asset. It has turned into a liability, and hence a debt.
So TARP is actually a Debt Relief Fund using taxpayers' money to save the ass of failing banks.
How come when your business or personal finance is in trouble, we don't see government rushing to your help?
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