RE: It was Bush that saved liquidity
What is this quotation Dubya made regarding abandoning free market principles to save the free market?
“What is this quotation Dubya made regarding abandoning free market principles to save the free market?”
Did you notice I did not say any particular company? TARP was about liquidity - what followed was about buying votes for Dems. There is a difference. Further, I did not state what the cause of the liquidity crunch was - absence of underwriting standards causing a real estate bubble (see Clinton Greespan) and too great an expansion of credit (see Paulson and Bush) built on shaking foundation (see above real estate bubble).