McConnell's tea-party opponent, Matt Bevin, backed TARP in 2008

A Bevin spokeswoman said the GOP candidate has not changed his position on these issues, although Bevin’s statements from that time are different from what he is saying now. Bevin campaign spokeswoman Rachel Semmel said, “Matt has always opposed the TARP bailout and similar misuses of taxpayer dollars” in a statement to POLITICO…

An Oct. 28, 2008, report for investors of Veracity Funds obtained by POLITICO — signed personally by Bevin as president of the fund — praised the federal government’s unprecedented intervention in the U.S. financial markets at that time.

“Most of the positive developments have been government led, such as the effective nationalization of Fannie Mae and Freddie Mac, the passage of the $700 billion TARP (don’t call it a bailout) and the Federal Reserve’s intention to invest in commercial paper,” wrote Bevin and Daniel Bandi, chief investment officer and vice president of the fund. “These moves should help to stabilize asset prices and help to ease liquidity constraints in the financial system.”

Bevin and Bandi added: “The government actions to date have been reasonably swift and substantial. The Federal Reserve seems to understand the magnitude of the problem and the underlying issues involved.”