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To touch upon this article, you should sign in or enroll and publish using a HubPages Network account. Connecting determination makers to a dynamic network of information, individuals and ideas, Bloomberg rapidly and accurately delivers business and monetary information, news and insight all over the world. The controversy over bailout vs. bankruptcy reorganization continues to be raging, and probably all the time will – however right or improper, at the least those jobs had been saved. I just don’t like the tactic, and, from what I’ve researched – bankruptcy reorganization was a viable option.
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Bush was a lame-duck president when TARP, (Troubled Assets Reduction Program), was created, (Bush’s Treasury Secretary Henry Paulson’s plan), to combat the disaster within the U.S. monetary market. But he supported it, as did Congress, and incoming President Obama. It would be Obama’s administration that would take over and administer the government’s TARP efforts for the Common Motors bailout.