Tuesday, March 24, 2009

Still More Evidence that Public Capital Crowds Out Private Capital

Wells Fargo chairman now explains that without TARP money, his bank would have simply obtained the funds privately.

1 comment:

portlandian said...

Do you really expect him to say "Oh thank God for the TARP. We were about to go belly up!" Every bank will say they were just fine. Even Wamu is making noises (lawsuit) like they were somehow done an injury.