Thomas J. Gordon

The Insidious Secondary Effects of TARP Funding

Jasper, good thoughts on allowing for, and not over reacting, to failure. One thought I have been coming to lately is that things aren't really that bad. I think it's clear too many borrowed too much in the U.S. (Merkel, Denninger, Schif) and that some financial organizations (not all) used excessive leverage on subprime etc. I'm not seeing a new business failure every day now. Maybe TARP money saved the day or maybe it wasn't that bad in the first place.