The 10-year anniversary of this 2008 economic crisis is upon us.
About ten years ago, previous U.S. President George W. Bush finalized into legislation the money-printing scheme called the difficult resource Relief Program (TARP), directed at buying toxic assets and equity from finance institutions to bolster the country’s shell-shocked monetary sector amid the sub-prime home loan crisis.
In this 2014 picture, vines cover the leading of a boarded-up house in East Cleveland, Ohio. Ohio ended up being among the Midwest states hardest struck by the sub-prime home loan crisis that started in 2007. (AP Photo/Mark Duncan)
How can banking institutions, treasury divisions and banks that are central cash anyway?