TARP was a failure that amounted to institutionalized fraud, Marshall Auerback writes, "not...

|By:, SA News Editor

TARP was a failure that amounted to institutionalized fraud, Marshall Auerback writes, "not shaped by finance or sound economics, but by politics." TARP money was repaid "largely as an outgrowth of the accounting tricks sanctioned by Congress and the White House in the wake of the 2008 financial crisis," he says.