“Using TARP funds to bail out failing companies is incredibly risky and poor public policy, and was not the designated intention of the program when Congress approved it,” said Rep. Jeb Hensarling (R-Texas), a leading voice for House conservatives. “I fear that a devastating precedent has been set that the federal government will now be pressured to bail out every failing company in America — something that taxpayers and future generations cannot afford.”
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Rep. Tom Price (R-Ga.) went one step further with bailout regret: “It is now clear that the creation of TARP was a rueful mistake which has failed to provide urgent market stability, yet has put our country perilously in debt for the foreseeable future.”
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