Mitt Romney on TARP

Last Updated : Sep 30, 2011

Summary

While Governor Romney has stated that he generally opposes bailouts, he did support the Emergency Economic Relief Act that created TARP. In the 2009 CPAC speech, Governor Romney stated that while everyone did not agree on TARP, it was necessary to prevent a cascade of bank collapses. Governor Romney's support for TARP continued into 2010 when he stated that had TARP not been pushed through a free fall may have occurred that would have caused not just the collapse of a few banks on wall street, but banks all across the country, killing not only a few jobs but jobs all across the country.

 

2009 CPAC Speech

In February of 2009 Governor Romney spoke at the Conservative Political Action Committee. He stated that although many people did not like it, TARP was necessary.

 

Fox News Appearance

On January 28, 2010 Governor Romney appeared on Neil Cavuto's show to discuss the reappointment of Ben Bernanke, TARP, the Stimulus, and other items. 

 

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