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TARP was enacted October of 2008, the year Obama was elected to office. Obama was not sworn in until 2009. The Dodd frank act in 2009 lowered the amount that TARP could push out.
No.
We're not giving Obama credit for token gestures here. He had a supermajority and could have enacted meaningful reforms, but he didn't.
Everyone involved in the subprime mortgage crisis walked and under Obama were still paying bonuses to themselves with taxpayer's money, all while the foreclosure crisis ravaged the American people.
I do not care that the crisis originated under Bush. I care that Obama knew how bad it was and allowed people to become impoverished further while Wall Street partied with our money.
For his faults, Biden accomplished a lot with a very small majority in the Senate and House.
Obama really wasted a huge opportunity to change the country with his huge majorities.
My reply was only about the bailout, nothing else you mentioned. I agree completely that these asshots shouldn’t have went free, and didn’t lose their fortunes they built off the backs of us.
I’m just not happy that the missinformation about Obama and the bailouts is still going strong this long after