So wait then, you stated earlier that the banks bailed out by Bush had largely repaid their loans, showing that he was a better administrator. The majority of those loan repayments (if not all?) took place while Obama was administering the program however. So are you then saying that Obama shares the credit for the repayment of the loans? Wait, let me guess. Bush gets credit for the good parts that took place during Obama's tenure and Obama gets credit for the bad parts.
Furthermore, what exact legal and regulatory actions do you believe Obama should have undertaken to more effectively administer TARP, and what part of the regulatory framework for the deal was passed under Obama that you disagree with?
Is it safe for me to assume that you agree that Obama did indeed have the bulk of the responsibility for administering TARP and that the conversation has now moved on to effectiveness?
If this is the case, let's contast their effectiveness.
Adminisration of these loans starts with who they actually chose to loan money to and evaluation of the default risk involved. Bush's loans were paid back with interest...what about Obama's loans ($150B committed and only $13B paid back)? Hmmm...not so good.
TARP was primarily intended to prevent collapse of our banking and financial system. Most of Bush's loans were used this way ($194B)...Obama, not much ($11B).
Please tell me why a good admistrator would refuse to accept TARP loan repayments (with interest) from several banks. Hmmm...that's odd.
Also, why would an effective administrator refuse to implement or only partially implement 20 of SIGTARP’s recommendations for basic transparency and accountability in the operations of TARP that we now know was fraught with moral hazard potential? Hmmmm.
For the record, many (e.g. OWS types) falsely believe that TARP was a Wall Street handout given by those evil Republicans to their rich cronies and that taxpayers got ripped off by these greedy banks...oblivious to the fact that TARP legislation was pushed by Democrats. Oblivious that those loans to "Wall Street" made by Bush have already been paid back with interest. The loans Obama chose to make....well now, that's a different story.