Remember back in the days after Lehman went bust and AIG ended up in the hands of the government? Paulson and Bernanke went to the Hill to plead for the TARP to avert financial Armageddon. Ever since, there has been nothing but moaning and groaning about the rushed nature of the legislation and the mishandling of the funds. Just today, the TARP overseer said the government paid more for bank capital than it should have.
Obama seems to be playing a similar game: Pass this now or disaster awaits! We’ve seen this movie before, and it does not end well. Just ask Elizabeth Warren.
