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To: Thane_Banquo
I specifically remember Newt appearing on Fox News and railing against the TARP bailouts in the fall of 2008.

Not only did Newt support TARP, he stated that if he had still been in office, he would have voted for it. Maybe you shouldn't discount the article after all.

31 posted on 12/06/2011 7:54:45 PM PST by Prokopton
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To: Prokopton

....Newt was appalled and disgusted at the amount of dictatorial power that Secretary of the Treasury Henry Paulson tried to grab for himself at the outset of the financial crisis....... However, he reluctantly supported a scaled-down plan AFTER Paulson told the country that the world financial system was going to collapse without this emergency support......and so did many others who intitially would not support it.

Newt says... that the reckless, secretive and opaque way in which the Federal Reserve and the Treasury Department administered the bailouts has been an affront to democracy..... The Fed was picking winners and losers, using several emergency lending facilities to make all types of loans to connected parties, including to a bank owned by the Libyan government.


53 posted on 12/06/2011 8:08:30 PM PST by caww
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