Geithner Admitted Administration Sacrificed Homeowners to ''Foam the Runway'' for Banks

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92. They let the banks fail in '29 and it led to the Great Depression.

I hated to see the banks bailed out as much as the next guy, but a lot of people losing their houses doesn't rise to the level of suffering during the Great Depression.

The system and the bailout sucked, hopefully the next time there's a meltdown the government will have a more balanced approach to saving the economy, but there has been nowhere near the level of suffering as there was when the banks were allowed to fail.

TARP was Dubya's program, I don't believe the bailout would have looked the same with a democratic controlled government, but the democrats biggest failing is their inability to blame the meltdown on the republicans. After the Great Depression the only time the republicans controlled the house, senate and White House was 2 years in the 1950's (until Reagan) - that's how good the democrats were at blaming the Great Depression on the republicans. Practically continuous control of the federal government for almost 50 years.