I just wanna know how Obama’s TARP plan is different than Bush’s original TARP plan. No one is using the words Troubled Assest Releaf Plan anymore, but how is this one different? Other than the Bush’s was $750billion and Obama’s is $1Trillion.
Were gonna use private money too, yada yada yada. I was totally unaware that there was so much private money just sitting out there looking to buy morgage backed securities and that banks were ok letting them go at the very reduced prices, cementing their losses. Why werent they doing this on their own?
(I didnt read the details today, havent got a chance yet, but I am hoping to use some pigg readers as a filter and find some real nitty gritty about this stuff instead of a fluffer piece written directly from the press release.)
