BOYNTON BEACH, Fla. — What would the Democratic Party look like today if the administration of President Barack Obama had prosecuted the senior executives of the nation’s largest financial firms that caused the 2008 recession?
In October 2008, President George W. Bush signed a $700 million bailout known as TARP (Troubled Asset Relief Plan), for the very institutions responsible for the economic debacle. It was due, in large part, to Bush’s emphasis on deregulation and lack of federal oversight on banks and financial institutions.
