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A number of erstwhile supporters of the $700 billion Troubled Asset Relief Program have expressed their dissatisfaction with the way the initial $350 billion has been spent.(The Week)(Brief article)

National Review

| February 09, 2009 | COPYRIGHT 2009 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

A number of erstwhile supporters of the $700 billion Troubled Asset Relief Program have expressed their dissatisfaction with the way the initial $350 billion has been spent. Count us among them. The bailout was hard to swallow in the weeks following the collapse of Lehman Brothers and the subsequent cessation of nearly all commercial lending, but we found persuasive the argument of Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke that an immediate and massive government intervention was needed to stave off a total financial collapse. The passage of the TARP signaled that the ...

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Source: HighBeam Research, A number of erstwhile supporters of the $700 billion Troubled Asset...

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