"People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened"
- George W. Bush
About this Quote
This quote by George W. Bush is referring to the Troubled Asset Relief Program (TARP), which was a monetary bailout program implemented by the Bush administration in 2008. The function of the program was to offer financial support to banks and other banks in order to support the economy throughout the monetary crisis. Bush is stressing that the program was structured in such a way that the government or the people would receive a great rate of return on their investment. As it turns out, this aspect of the program succeeded, as the federal government was able to recoup the majority of the money it bought the program. This quote acts as a reminder that the TARP program was a success, and that the government had the ability to get an excellent return on its investment.