As a follow-up to my previous post on TARP, here are some more commentaries on the end of this proram. A key point these pieces make is that while TARP saved the financial system it did so at the cost of significantly increasing moral hazard and thus planted the seeds of the next financial crisis:
(1) Count on Sequels to TARP--Gretchen Morgenson
(2) Going Viral: Why TARP, Like Herpes, is a "Gift" that Keeps on Giving--Alain Sherter
(3) The End of TARP: Goodbye and Good Riddance--Henry Blodget and Aaron Task
No comments:
Post a Comment