Bank bailout legacy: five years later

Sheila Bair, Christy Romero, Neil Barofsky, Guy LeBas, Anat Admati:

This series looks back on the Troubled Asset Relief Program (Tarp) – the government intervention that sought to calm the financial crisis and restart the economy in 2008.

Sheila Bair: chair of the Systemic Risk Council and former FDIC chair

“I don’t want anyone who’s big to have a giant “put” on taxpayers. It’s problematic for big financial firms think that they can profit by taking a lot of risks, and if they lose money they can put it on taxpayers. There’s no more damaging and destabilizing message the government can send than this idea that if you’re big, the government will get you out of trouble.”