Theodore H. Frank

Theodore H. Frank is a resident fellow at the American Enterprise Institute.

The TARP Trojan Horse

 

In executing TARP, the Troubled Asset Relief Program, the Bush Treasury Department built off of the experience of costly mistakes the government made in the 1980s bailout of the savings and loan industry. But the lessons learned are the wrong ones, and the consequences could be dramatic. To induce healthy thrifts to take over troubled […]

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