not a huge fan of TARP or hank paulson, but we’ve had some time to see how TARP has settled out and learned about the frantic and hurried time of the economic collapse. with that perspective, i think both are a little better than we originally thought.
occasionally comes off as paulson trying to save face by telling his version of history, but i basically buy what he’s selling. it was an extraordinarily difficult time and i think the fed and treasury mostly did the best they could. i would have liked a different approach (a national bank and more financial reforms), but honestly none of that stuff would happen because congress was and is almost entirely worthless.