The recent rhetoric from the Right, has been to say that TARP was a waste of money; only gullible people fall for this. Turns out, a heck of a lot of companies needed help with short term loans:
- Verizon
- Wisconsin Corporate Credit Union
- Toyota
- National Rural Utilities Cooperative
- Members United Corporate Credit Union
- McDonald's
- Metlife
- Harley-Davidson
- Georgia Transmission Corp
- General Electric Co
- Ford Credit
- Caterpillar
- BMW
Imagine the broad panic and ensuing, immediate shutdown of companies one by one, if the Feds had not extended short term loans directly to companies? I shudder to think, what happens if Republicans attempt to take the US back to 2008, as they have threatened to do so on regulation, spending and health care laws.
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