The wisdom of Tyler Cowen
"Some people hate me for this view, but TARP is looking better all the time."
I agree. Maybe it worsened moral hazard issues down the road, maybe some of the money has been spent beyond the intent of the program (GM anyone?), maybe it was bigger than it needed to be, but TARP and quantitative easing by the FED pretty clearly worked and worked well.
As a lagniappe, most of the money is actually getting paid back.