See the article at politico.com
TAxpayer funded Rescue Plan. This is what it is. The idea of moral hazard as of free markets has gone out the window. Free markets now need huge bailouts to work properly. The real happening is that profits were privatised and now the risks are being socialised and losses paid for by the American public. Capitalism has never been about free markets. It is about profits. If free markets do not bring profits there must be subsidies or combines or other methodologies to get around the discipline of the market. Free market ideology is used to justify capitalism and to criticise government intervention, regulation, etc. but when it conflicts with profit the ideology is thrown out the window in a second.
Actually TARP stands for Trouble Assets Relief Plan. It is the Fed prescription for financial constipation.