The American election campaign never ceases to amaze in terms of twists.
So far (let’s face it) there is nothing new. But the problem for Clinton, the banks and Barney Frank is the refrain «Tarp Funds»; basically the 2008 financial crisis. The Bush administration, with a $700 billion maxi-loan (made up by citizens’ taxes), granted instant cash and saved the big banks from bankruptcy.
The infamous measure will be called TARP:
The Troubled Asset Relief Program (TARP) is a United States government program to purchase toxic assets from financial institutions, and actions to strengthen the financial sector. It was signed by US President George…
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