Did the bank bailout work?
According to the Government Accountability Office, the Troubled Asset Relief Program (TARP) may not have actually accomplished anything. UPDATE: Here’s the full report. I think the Examiner editorial over-sells its premise, but this line seems pretty damning: “…any changes attributed to TARP could well be changes that: would have occurred anyway; can be attributed to other policy interventions . . .” If you’re interested, here’s a good rundown of the GAO’s conclusions at the Project on Government Oversight.