I strongly supported the economic rescue plan in October because we were facing a total collapse of the world's financial markets within days; it was a true emergency and we averted that collapse. Now, there is not the emergency we had before.
How does he know TARP prevented collapse? Last I checked, no one knows how the money was actually used.
Meanwhile Treasury Secretary Paulson says the remaining $350B is needed for "bank capital programs" (Reuters). Bennett stood by Paulson when TARP was originally passed, why isn't he standing by him now?
I smell politics.
