Many people lost their savings directly out of banks during TARP, or the 700 billion dollar bailout. Will we get anything back? U.S. ends TARP with $15.3 billion profit by Chris Isidore, CNN December 19, 2014
"Krugman also says:
"A funny thing happened on the way to economic Armageddon: Iceland’s very desperation made conventional behavior impossible, freeing the nation to break the rules. Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net. Where everyone else was fixated on trying to placate international investors, Iceland imposed temporary controls on the movement of capital to give itself room to maneuver."
Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong August 25, 2012 by WashingtonsBlog