Reply #3: Let's See What "Reforms" Happen...

[KharmaTrain]

I agree...if it's too big to fail, it's too big. However, there's the realist in me that said letting those banks implode would have made things in this country far worse than where we are now. The "recharge" has stabilized the market and helped those on fixed incomes and living off investments/retirement from falling off the edge. In many ways TARP was successful...it's hard to see it now, but I honestly think it will be a significant act that kept this country from going into a deep depression.

That said...now that they've been saved, it's time to clamp down...restore a lot of the regulations that were wiped away over the past 30 years and break 'em up that way. Make it less lucrative...put the incentives in investing and saving over spending and credit. I've seen moves in that direction, but things still are still too fluid to expect a major overhaul anytime soon.

Let's see how he handles the GM bankruptcy...then we'll see if he should have done the same with the banks.