Friedman: TARP was brilliant and its critics misunderstand systemic risk
Manny Friedman · Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61) · Jul 23, 2018 · at 20:12
EJF Capital co-founder Manny Friedman discusses the 2008 financial crisis and defends the federal government's TARP bailout and emergency market intervention.
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“And they did a brilliant, remarkable job. I can't believe that people still complain about TARP and what the government did. It's really because they literally lack an understanding of how the system works. How interconnected all the system is.”
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