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Bernard Sanders on TARP
Surtax on Wealthy to Pay for Bailouts
In September of 2008, Senator Sanders issued a press statement noting his views that a surtax on wealthy Americans should be put in place to pay for the bailouts.
Not Good Enough
In October of 2008, Senator Sanders spoke on the Senate floor about his opposition to the TARP legislation. He notes that while the bill is better than the original one, it does not address too big to fail, does not have appropriate oversight, and does not address the deregulation that led to the fiscal crisis.
Who Will Pay
In September of 2008, Senator Sanders issued a press statement noting his four principles for paying for the bailouts.
Response to Bailout Package
In September of 2008, Senator Sanders issued a press statement noting the passage of the legislation containing the TARP program.
Salaries in the Bailout
In September of 2008, Senator Sanders issued a press statement noting various salaries and bonuses that occured in companies as the economy was crumbling.
Why I voted against the Bailout
In October of 2008, Senator Sanders issued a press statement noting his vote against the bailout and the reasons for that vote. He notes that the legislation does not end the concept of "too big to fail."
De-Regulation Leading to TARP
In October of 2008, Senator Sanders released a press statement noting his view that deregulation of the banking industry led to the creation and collapse of the derivative bubble.
Stop the Bailout
In November of 2008, Senator Sanders issued a press statement noting his views that the second half of the bailout should be stopped.
Bush Spending of TARP Money
In December of 2008, Senator Sanders issued a press statement noting the poor management of the Bush administration of the TARP funds.
New Fed Lending Disclosures
In March of 2011, Senator Sanders released a press statement noting recent disclosures by the Federal Reserve in response to an amendment put forth by Senator Sanders that required the disclosure of loans to banks.
Backdoor Bailouts
In April of 2011, Senator Sanders released a press statement noting revelations of the data released concerning fed loans resulting from TARP authorization.
Voting Record
Emergency Economic Stabilization Act
In October of 2008, the Senate passed the Emergency Economic Stabilization Act, which created the TARP program. The legislation passed 74-25. Bernard Sanders voted against the Emergency Economic Stabilization Act.
Bernard Sanders voted against the Emergency Economic Stabilization Act.
Sponsored and Cosponsored Legislation
This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.