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  1. Jackal – couldn’t the president have decided not to sign TARP and to allow the financial meltdown and start anew? Couldn’t the Pres have made that decision? Or are you saying the Fed would’ve done stuff to prevent a pres from going through with such a thing?

  2. “Most leaders have much less power than people think. In the immediate sense, anyways. When a lot of decisions are made it’s really just a fait accompli. You “make” the decision in all of the strategic thinking that leads to the fait accompli moment. TARP was created over 20 years or whatever, by many many people making all kinds of disconnected decisions.”

    SUN TZU – EVERY BATTLE IS WON OR LOST BEFORE IT BEGINS

    Saying the president is responsible for TARP is like saying the soldier won the battle.

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